This short discussion, therefore, describes the basics of how you do this in any version of the Quicken software. Moreover, if you set up asset accounts for each of the individual real estate properties you hold and then use these to record both capital improvements and any depreciation, you can easily calculate any gains or losses stemming from the sale of a piece of real estate. You can also easily complete the Schedule E income tax form you use (or make it easier for your tax accountant to prepare your Schedule E tax form). No matter which version of the software you use, Quicken provides a handy format for tracking real estate investments such as income property.īy using the Quicken software for this recordkeeping, you can prepare summaries of income and expenses by property for monitoring your individual real estate investments.
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