I added Property for each Property (Rental)
Deposit to each property (5)
Expenses to each property (5)
CPA wants me to use class which I know that will go to the Sch E
I already entered Jan
Can I just leave the PROPERTY
Set up CLASS
then enter transactions.
The tenants pay check every month ( no invoicing)
So how would the Report show P&L by Property AND Class??? Is that possible?
I will be having phone conversation with CPA in the morning.
If I have to remove Properties and add Class for each I will rather If it works better fore her. I stopped at end of January because I want to have the Categories set up correctly.