At the end of the year, you have the ability to generate a schedule E form export in spreadsheet or PDF form after a little bit of tweaking the export settings and then send that to your CPA, and they take care of the rest. So basically the application downloads my credit card and rental bank account transactions once a week automatically, then I take 5 minutes to tag each transaction with the matching property and then categorize with the expense/ income type. I can setup new properties easily and all of the tax categories are already setup in a dropdown for each transaction. I like the system as a good desktop alternative to cloud based offerings. I self manage 3 units and track expenses on 7 units that are professionally managed (to record any expenses not paid by the property manager). I can share my thoughts: I've used versions since 2013 and now use 2018. What are your thoughts on Quicken Rental Property?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |