I have other expenses such as office supplies, computer, software, etc. that I incur as the result of managing those properties
Those would be claimed on line 15 - Supplies, on the SCH E. The computer itself would actually be reported as a rental asset. But I seriously doubt you use that computer 100% for your rentals. But maybe you do for all I know? Claiming it as an asset wouldn't make a penny of difference on your tax liability. If the computer really is for 100% rental property management use and costs less than $2,500, then you can just expense it in the tax year it was purchased,provided it was purchased for the sole reason of managing the rentals, and that's all it's ever been used for and will ever be used for.
I've got 3 rentals of my own, and can state for a fact that trying to claim the cost of a typical computer or any portion there-of makes absolutely no difference in your tax liability what-so-ever. Especially if you show a loss on the SCH E each year, which is very common for long term residential rental property.
