Rental Income with Deluxe 2022

Diane Beebe

I added the gross rent as income then minus the expense as negative so the final number is the correct net number on my entry. But when I look at the Spending Tab the entry is not coming up as income but rather as a positive number in the spending category?

Frankx

Hi @Dianne Beebe

The reason why the Spending Tab is showing the category that way is because you initially set the category up as an expense.  So no matter what the sign (+ or-) net amount of all transactions posted to that category is (for whatever period of time you have chosen) the amount will be displayed in the "spending category".  The Deluxe version is not designed for the reporting of net rental income or loss. It is designed for the more basic reporting of personal income and expenses.

Let me know if you have any followups.

Frankx

Frankx

Hi @Dianne Beebe

The reason why the Spending Tab is showing the category that way is because you initially set the category up as an expense.  So no matter what the sign (+ or-) net amount of all transactions posted to that category is (for whatever period of time you have chosen) the amount will be displayed in the "spending category".  The Deluxe version is not designed for the reporting of net rental income or loss. It is designed for the more basic reporting of personal income and expenses.

Let me know if you have any followups.

Frankx

Diane Beebe

Thank you and you are absolutely right. I did set it up as an expense.