FAQ: Rental Property Tags, Categorization & Reports
How does Quicken know what transactions are Rental Property
related or personal spending/income transactions?
When entering transactions Quicken tracks the type (i.e, Rental, Business or Personal) of each transaction entered by the category selected and associated tax line item on the category, if one is assigned.
Tax line information is also used when customizing reports and exporting tax data so it’s important to ensure your categories are set up correctly to avoid missing or incomplete data in your reporting.
Tax Line Items are used for a variety of transaction types in Quicken, from business to personal transactions, and each transaction type uses a specific tax line item.
Property categories use a “Schedule E” tax line item to report income or losses
from rental real estate.
More information on tax line items and a breakdown of each type available in Quicken can be found here.