Setting up your QuickBooks Self-Employed (QBSE) account to use Schedule E is a great functionality, simon, especially in tracking your rental income and expenses.
Allow me to shed some light on this matter.
At this time, QBSE only supports Schedule C categories, which are used to report income and expenses from a business. Using Schedule E is unavailable in the program.
Since you need to handle your real estate rentals under Schedule E, you'll want to check the Schedule C Categories breakdown and determine which one matches, and you can use it in tracking your transactions. If unsure, it is recommended to speak with an accountant for further guidance.
Additionally, I'm adding these articles that can help you learn the basics of QBSE and filing taxes:
As you work on your books using our self-employed program, please know that you can always get back on this thread for guidance, answers, and solutions to ensure your record stays accurate.
