Depreciation of Rental Property
DaisyDave
I do not have Quicken yet 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 February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
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 February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0