Money: Preparing Rental Property Data for Schedule E Tax Form (129323)


The information in this article applies to:

  • Microsoft Money 2004 Deluxe
  • Microsoft Money 2003 Deluxe
  • Microsoft Money Deluxe 2002
  • Microsoft Money 2001
  • Microsoft Money 2000 Deluxe
  • Microsoft Money 99
  • Microsoft Money 98
  • Microsoft Money 97
  • Microsoft Money 98 Deluxe Edition
  • Microsoft Money 98 Financial Suite
This article was previously published under Q129323

SUMMARY

If you own more than one rental property, you need to report each property's income and expenses separately on the Schedule E tax form.

In Microsoft Money, if you track your rental properties by using Classifications, you can create a customized tax report to show the breakdown of income and expenses for each property.

MORE INFORMATION

To create a customized tax report, use the appropriate method for your version of Money.

Money 99 or Later

  1. In the Gallery of Reports and Charts or Reports Gallery, depending on your version of Money, click Taxes in the left pane, and then double-click Tax-related Transactions.
  2. Click Customize.
  3. In the Customize Report dialog box, change the name of the report in the Title box. (This step is optional.)
  4. Under Report Type, click Tax Summary.
  5. In the Columns list, click Total Only.
  6. On the Category tab, click Clear All.
  7. Click each category from the category list that applies to your rental properties.
  8. To see your report, click Apply, and then click OK.
For more information see Money online Help.

Money 97 and Money 98

  1. In the Gallery of Reports and Charts, click Taxes in the left pane, and then double-click Tax-related Transactions.
  2. Click Customize.
  3. Under Report Type, click Tax Summary.
  4. In the Columns list, click Total Only.
  5. Under Include Transactions, click Select Transactions.
  6. On the Categories tab, click Selected Categories.
  7. Click each category from the category list that applies to your rental properties.
  8. Click OK.
  9. In the Customize Report dialog box, change the name of the report in the Title box. (This step is optional.)
  10. To see your report, click Apply, and then click View.
For more information see Money online Help.

REFERENCES

For more information about how to create Tax Reports or how to track properties by classification, see Online Help in Microsoft Money.
Modification Type:MajorLast Reviewed:1/5/2005
Keywords:kbhowto KB129323
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