2390957
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question