P&L for Rental Property

John Zei
John Zei Member ✭✭
edited February 2023 in Reports (Windows)
Quicken Home & Business includes a business P&L report, but that report does not work for rental property. The problem is that the Quicken P&L uses categories connected for tax purposes to Schedule C. Under the IRS rules Rental Property income and expenses are reported on Schedule E. Is there a work around for this? The lack of a P&L for rental property is strange, since the Quicken cash flow and balance sheet reports do work for rental property.

Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    The P&L report only utilizes categories that have a Business tax line associated with them.  Sched E is such a tax line so assign Sched E tax lines to your rental categories.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • John Zei
    John Zei Member ✭✭
    All categories are associated with the tax line Schedule E. But Quicken P&L report requires that the category be associated with Schedule C. Hence the inability to create a P&L For rental property. .
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