do I really need Quicken Rental Property Manager?

I use QD2010, not Home & Business, but I don't think the mechanical underpinnings of the two programs are all that different.

Adding categories in QD2010 is simple and it's probably the same in H&B:

Tools > Category List Select the "New" button to add a category that you want to make up yourself. Select the "Add Category" button to add a category from one of Quicken's "Life events-based lists". (If "New" selected) the "Set up Category" window shows up that you fill out as you wish Tick the "Tax-related" box, select the "Extended line item list" button and then click on the pull-down arrow in the "Tax line item:" box. All the Schedule E line items are available to you.

Tom Young

I believe your version of Quicken does include Schedule E categories along with proper tax line assignments.

Open the Category List and select 'Add Categories' Under 'Available Categories', scroll down to 'Rentals & Royalties' You should see a list that you can chose from.

Should think that for your situation, H&B should be ,ore than adequate for the rental tracking and reporting. I tracked multiple rentals using the Basic and Deluxe versions - with emphasis on compiling info for tax prep. Worked just fine for my purposes. The Sched E items reported in the Tax Schedule Report - ready for entry into TTax.

JM wrote in news:c0e87fa8-81a0-4f34-b208- snipped-for-privacy@v17g2000vbo.googlegroups.com:

I only ever used Quicken Basic, until basic became hard to find, so now I use Deluxe with no problem. All you need do is to get a copy of sked e and create categories to match the lines on the sked. I use a single top category for expenses (Rnt) and use subcategories for the lines, Quicken Deluxe has all the Sked E tax line entries for import into TurboTax. Create a tag for each rental and tag every transaction.

The only thing missing in Quicken Deluxe is a depreciation module, but TurboTax Deluxe provides such excellent asset tracking that I've never found a need for it. I do create four asset accounts per property in Quicken. One for the land (non-depreciable) one for the improvements (house etc) and one for personal property (appliances that are 5 year). If you have landscape improvements (15 year) you could create an account for that too. I create one more account that I use to record any difference between the "book" value of the property and the current market value (I enter something once a year based on tax assessments). Using the TurboTax asset life history, I set up quarterly depreciation expense transactions in each of the three main accounts. This is just for my use in creating income and cash flow reports. TTax handles the actual depreciation for sked E.

Depending on your situation, a Sked E loss may result in a passive loss carryover and TTax keeps track of that for you.

I've been doing it in Quicken since about 1985.

scott s. .