nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Rental Property Income Not Showing In Loss/Profit Details Page

donemory

Can someone tell me how the rental income gets displayed in Profit/Loss details under Rental Property tab for Quicken? I see the expenses, but no income is listed even though I have filled-out a rental income received & listing what bank account the funds get deposited to. I enter rent under Add Tranaction in Rental Property. Thank you.

Find more posts tagged with

Accepted answers

UKR

Go into the "Account to use" register and look up the rent transactions for this tenant.
Is the transaction properly categorized to "Rent Received", a Schedule E tax line item category?
If not, categorize all uncategorized transactions.

All comments

NotACPA

How are you recording the income? Step-by-step.

donemory

To answer your above question. The following is how I enter rent income into my Quicken Business Rental Property:

Click on Rental Property Tab
Click on Add Transactions Button
Fill-out Form
- Enter Data
  - Name of property
  - Tenant Name
  - Account to Use (checking account)
  - Date
  - Rent Amount Received
  - Check Number
  - Click on Add Button
Cash Flow Report Shows Rental Income
Profit/Loss Tab
- Zero Profit Shown
- Total Expenses Show
- Profit/Loss Shows Total Amount of Expenses as Loss

UKR

donemory

Thanks for your answer…that was the issue. I needed to change the category & link to Schedule E income & expense lines. However, I am somewhat confused with all the categories listed in my Quicken but the main thing I got the everything sync'd like it is suppose to be. Thanks again.