Depreciation of Rental Property

DaisyDave I do not have Quicken yet Member ✭✭

April 2021 edited May 2021 in Business and Rental Property Tools (Windows)

Will Quicken be able to manage this ?

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Best Answer

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  NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

  April 2021 Answer ✓

  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 VP

  0

Answers

• 

  NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

  April 2021 Answer ✓

  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 VP

  0

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