Why doesn't Quicken Mac have good tools for Rentals?

Maggiecarini
Maggiecarini Quicken Windows 2017 Member

Is anyone struggling to get tax reports for Rentals?  I have been a Quicken user on a PC for many years but when an unannounced Microsoft update destroyed my data late last year, I bought a Mac and switched to the Quicken Apple version for Business and Personal.  Data entry was smooth enough, not so the tax reports I was used to on the PC Version.  Awkward and cumbersome, and I’m told there are no immediate plans for a fix!  What is everybody else doing?  [Removed - No Soliciting]

 MAGGIE CARINI

Answers

  • Quicken Anja
    Quicken Anja Moderator mod

    Hello @Maggiecarini ,

    We appreciate you reaching out, though we apologize for the lack of this feature as Quicken Classic for Mac does not currently support Rental Property features.

    Therefore, I'd like to refer you to this active Idea post regarding this topic instead which is also marked as Under Consideration. If you would like to see this feature added in the future, you can go ahead and add your vote by clicking the up arrow underneath the vote count (see example below) as well as a comment explaining how this idea would be beneficial for you.

    Our Development and Product teams frequently use our idea posts in order to improve Quicken and implement new features requested by customers. 

    Thank you!

    -Quicken Anja
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  • Boatnmaniac
    Boatnmaniac Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited January 28

    @Maggiecarini - You posted this under a Windows category but your post is about Mac so it was moved to this Mac category. Also, you might want to update your Community profile to show that you are now using QMac, not QWin.

    Now that your post is in a Mac category, it is more likely that other Mac users will see your inquiry and provide their input regarding the question you asked.

    Quicken Classic Premier (US) Subscription: R61.16 on Windows 11 Home

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta

    @Maggiecarini Just wondering ifg you have updated to the latest version (8.0.1) of Quicken Mac? A huge amount of business functionality was added last month in the 8.0 version which you might find helpful in managing your data entry and reporting going forward.

    That said, what specifically are you having trouble with in the tax reports for Quicken Mac?

    Quicken Mac Subscription • Quicken user since 1993
  • chip.gilbert
    chip.gilbert Quicken Mac Subscription Member ✭✭

    @Maggiecarini I feel your pain. I used Windows version for years with one Rental property (Schedule E) and one consulting business (Schedule C) but being a Mac user for years I made the switch for 2025 after too many data issues with the Windows version. The final straw for me was losing all the detail on my invoices which affected my revenue detail.

    I was so happy to see invoicing come through on the Mac version with version 8.0. I couldn’t quite wrap my head around the same accounts being used for both schedules so what I did was create new Rental sub accounts for Schedule E and the original Business accounts only for Schedule C. I am still hopeful that they will add more functionality for Rentals to work like it does on Windows. I don’t like how it defaults to my default business, Schedule C, and not my rental business so I do constantly have to monitor my transactions for accuracy. I did get tax reports in 2024 reconciled on Mac version to 2024 on Windows which took a lot of review and changes and now going forward with Mac version waiting for continued updates to plug gaps.

    I feel the foundation and also functionality offered by Apple OS is much more solid than I was getting out of Windows version.

  • Quicken Michael
    Quicken Michael Quicken Mac Subscription Member, Employee ✭✭

    Hi @chip.gilbert!

    You mentioned that the business field may not always be populated as expected. It sounds like you have two separate businesses set up—one for your Schedule C and another for your rentals. You also mentioned that you created different accounts for your Schedule C and your rentals. Additionally, you are putting the Schedule C transactions and rental transactions in their respective accounts.

    If this is the case, I wanted to let you know that you can go into the account settings for each business account and set the Primary Use of the account to a specific business. When you do this, selecting a category defined as a business category, without manually setting the business, will automatically populate the business field with the Primary Use business assigned to that account. The default business will be used when the account's Primary Use is set to Personal.

    I hope this makes entering your business transactions easier!

  • chip.gilbert
    chip.gilbert Quicken Mac Subscription Member ✭✭

    Hello @Quicken Michael

    Thank you for the reply, I'm just seeing this today. So I reviewed what you say, I do have specific accounts setup correctly based on Rental, Schedule E or Consulting business, Schedule C.

    My Schedule C business is my Default business. The issue I have relates more to the Categories I setup, again mirroring how it was in Windows, but the checkbook I use for the Rental business is and always has been my personal checkbook. So when entering payments for the Rental business if I enter a Business Category it defaults to my default business. For now I am monitoring and correcting, fortunately the rental side has minimal transactions but I never had to worry about it on the Windows version. Another issue that needs to be looked at is when scheduling transactions in Bills & Income there is no place to assign the Business. So any of the scheduled transactions for Rental business needs to be changed from the default business.

    I'm working through this and fortunately I have years of experience with the Windows version so I had limited need to understand how to put things together to work for me. And add the fact that Invoicing was added right after the first of the year was huge for my Schedule C business. I do create invoices offline from Time & Billing software so I could have worked around it based on cash basis, but nice to have the invoices within Quicken which is what I was doing on the Windows version as well.

    Overall I am very happy to be strictly on the Mac OS and like the way Quicken is able to work with programming to take advantage of the OS.

    I appreciate your reply although it doesn't get me any closer to the problem as I see it anyways.

    Sincerely,

    Chip