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In setting up a rental property in Quicken what do categories do I need to use for rental expenses?

I want to determine the right categories to assign rental income, utility expenses, repairs, etc.
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3 Replies
Carl
Level 15

In setting up a rental property in Quicken what do categories do I need to use for rental expenses?

Simply print out a blank SCH E at https://www.irs.gov/pub/irs-pdf/f1040se.pdf to see. Unless it's changed, you don't just assign categories in Quicken. You also assign specific tax form line numbers. For example, utilities would be assigned to SCH E line 17. Rental income to be assigned to SCH E line 3. Taxes such as property taxes would be assigned to SCH E line 16, and on and on like that.

 

In setting up a rental property in Quicken what do categories do I need to use for rental expenses?

Here's a  link to the Quickensupport:
https://www.quicken.com/support#windows

In setting up a rental property in Quicken what do categories do I need to use for rental expenses?

Thank you Carl!

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