I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
imho, you need to open two separate QBO account due to the different location (i.e country) for each asset.
I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
I have a rental property in the US, but do not see where QB includes the categories listed in the IRS Schedule E. Do I just enter them manually?
I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
Hi CTH3. Thanks for chiming in on this thread. I'll be glad to help steer you in the right direction. To get started, are you using the Canadian version of QuickBooks or the US?
I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
US version. Also I filed my US taxes for 2022 under Schedule E. Quick books does not use that form. So, I need to input the allowable expenses from that form.
I need to track income and expenses for a rental property in the US and one in Canada. Would it make sense to have separate qb accounts for each? Or add multi-currency?
Thanks for confirming. Since your inquiry is related to the US taxes, I encourage to get in touch with our US support team using this link: Contact QuickBooks products and services Support (US). Otherwise, feel free to ask questions about the Canadian version of QuickBooks. I've got your back.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
