Shared expense with a shared property personal/rental

rikinn55

We rent out half of our home. However, several expenses will be shared because they affect the whole property. What is the best way to enter these transactions? I have a couple different ideas but I'm not sure which if any are best within Quicken. I'm running the latest Windows version of Business & Personal.

My Ideas.

1. Enter in the rental area the expense and split the entry between expense accounts
2. Enter into a non-rental account and split at end of year with journal entry.

NotACPA

If you have to file Quarterly Estimated taxes, go with option 1.

If not, 2 will work just as well.

Really, a personal preference.