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When you transfer money from one account to another, you're not spending or receiving money-you're simply moving it. you can't categorize a transfer with an income or expense category. The category field in a transfer transaction shows the other account involved (for example, if the current account is the transfer to account, the category field displays the transfer from account). Quicken records a transfer in your "transfer from" account register and creates a parallel transaction in the "transfer to" account. When you transfer money between accounts, one account balance increases and the other account balance decreases-but your net worth remains the same.
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