Depreciation of Rental Property

DaisyDave
Member ✭✭
Will Quicken be able to manage this ?
0
Best Answer
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Yes, but not automatically. I depreciate several assets by recording an expense transaction to the account with a Depreciation category, that I created, used as the category of the transaction.You could also, just use a transaction in the account that uses the Account Name, in square brackets, E.G., [Rental House}, as the category which will reduce the value of that account without a specific Depreciation category.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0
Answers
-
Yes, but not automatically. I depreciate several assets by recording an expense transaction to the account with a Depreciation category, that I created, used as the category of the transaction.You could also, just use a transaction in the account that uses the Account Name, in square brackets, E.G., [Rental House}, as the category which will reduce the value of that account without a specific Depreciation category.Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0