unspecified rental expense?

Question

What does "unspecified rental expense" mean when I'm running reports?
 Does it interfere with my tax reports?

Frankx · Accepted Answer

Hi @k_1

Unspecified rental expense is an expense that has not been properly categorized in Quicken.  For example - you incurred expenses related to repairs on a rental unit and you assigned a rental unit "tag" but you used a general expense category "Repairs" instead of a category in the "Rental Property Expenses" section of the "Category List".  And - yes - this will cause the expense not to properly appear in your tax reports.

For more detailed information on this go to Quicken Help and search on "resolve unspecified rental expense" > then, from the "topics found" section, select "How do I resolve possible tax deductions".

Frankx