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info-tangledroot
Level 1

We have a rental property and will be completing Schedule E. The Expense Categories in Quickbooks Chart of Accounts do not align to Schedule E - how to address?

When adding a new account, the Tax Form section does not appear to allow customization for Schedule E.  So if I add a "Cleaning and maintenance" category, I can't just directly link it to Expense.  
1 Comment 1
DebSheenD
QuickBooks Team

We have a rental property and will be completing Schedule E. The Expense Categories in Quickbooks Chart of Accounts do not align to Schedule E - how to address?

Great to see you here, @info-tangledroot.

 

I'm here to help you run and align Schedule E in QuickBooks Online.


We can edit the account and change the affected transaction to show to reflect it to Schedule E. 

 

Here's how:

 

  1. Sign in to your QuickBooks Online (QBO) account and navigate to the Accounting menu.
  2. Tap Chart of Accounts.
  3. Locate the account you want to edit, then click the drop-down arrow under the ACTION column beside the View register link and hit Edit.
  4. Change the name of your account under the Name field, then click Save and Close.


However, I'd suggest consulting an accountant to make sure you're using the correct category.


You can also read through this article to learn some tips for managing your accounts: Learn about the chart of accounts in QuickBooks.

 

You'll want to know how to access and print your tax forms so you have a copy on hand. Please refer to this article for the detailed steps: View and print payroll tax forms.


Keep me posted if you still need help when working on tax forms. I’m more than happy to assist further. Enjoy the rest of the day.

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