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How do i record a personal expense (like a dining charge) from my rental property account?

I have made a few personal purchases from my rental property account and these expenses should not be listed on a Schedule E. How do I keep this from happening?

Comments

  • Howard Roark
    Howard Roark Member ✭✭✭✭
    edited August 2016
    "How do I keep this from happening?"

    It's not the account that matters, it's the transaction.

    The only transactions that will appear in a Schedule E report are transactions that have a Schedule E tax line item assigned - regardless of what account they are recorded in
    .
    Tax line items can be assigned to categories in the Category List. If you use such a category for a transaction, that transaction will appear in the Schedule E report.
    Tax line items can be assigned to transactions that don't use a Schedule E category by right-clicking the transaction and selecting "Tax Line Item Assignments". If you assign a Schedule E tax line item to a transaction in this manner, it will appear in the Schedule E tax report.

    As long as the transaction does not have a Schedule E tax line item assigned, it will not appear in the Schedule E report.
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