I created Tax settings in a new portfolio, didn't click "Phurchase tax is reclaimable". Then I cannot find anywhere to change the option. How to reactivate the function?

We know an alternative way how to tax reclaimable on purchases in QuickBooks Online (QBO), Caren6.

Once you create and save a Custom tax, the option to go back on the setup and enable the Purchase tax is reclaimablea option is unavailable. However, we can add a tax rate and choose the agency you recently set up. From there, we can select Tax reclaimable on purchases in the Show tax amount on return line field. See the screenshot for your reference:

Here's how:

1. Go to Taxes on the left side menu. 
2. Go to Add tax and select Tax rate.
3. Enter the Tax name (For example. Tax 4%).
4. Enter Description.
5. Select the Tax agency under which you want to create this new tax rate.
6. Enter the rate in the Purchase rate field. 
7. Choose the Account type for this tax rate. Usually, it'll be a Liability account. If in doubt, please consult with your accountant.
8. Choose Tax reclaimable on purchases in the Show tax amount on return line field.
9. Select an option in the Show net amount on return line ▼ dropdown. The dropdown to select this may or may not be available or the options that you see may be worded differently depending on the agency you are creating the rate under.
10. Press Save.

You can check out this article for more details about setting up a new tax rate in the program: Create new tax rates in QuickBooks Online.

Feel free to visit these articles for more details about managing your GST rates in QBO:

• How do I set up sales GST rates and use them on forms? (International QBO)
• Edit GST rate in QuickBooks Online

We are one post away if you have any other questions about managing your taxes or any QuickBooks-related concerns. This thread is also open for handling your bank and financial entries.