About dealing with rental property taxes

Quicken can help in preparing all the forms and schedules you need to return to the IRS. The more carefully you set up your Quicken data, the more information Quicken can help you gather.

Quicken helps you deal with your rental taxes in two ways: by tracking rental expenses, and by exporting rental property data into tax preparation software. If you're using software other than TurboTax, you export data by running certain tax reports that create .TXF files; your tax software then imports these files. TurboTax can read Quicken data directly, so you don't even have to run these special reports.

What can I do to prepare for rental property taxes?

• Prepare my tax return

Frequently asked questions

• What about Schedule E information?

  TheSchedule E reportlists transactions for Schedule E subtotaled by tax line item. When you export this report to tax preparation software such as TurboTax, the Tax Schedule report transfers the transactions from the Schedule E Report to the tax program.

  
  

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