Learn how to set up property management accounting for rental properties, track income and expenses, maximize tax deductions including depreciation and 1031 exchanges, and file your taxes correctly on Schedule E.
Learn how to set up property management accounting for rental properties, maximize landlord tax deductions including depreciation and repairs, handle security deposits correctly, avoid common bookkeeping mistakes, and file taxes using Schedule E.
Learn the straight-line depreciation formula, see step-by-step calculation examples, and understand when to use this method. Covers IRS recovery periods, journal entries, depreciation schedules, and comparisons with accelerated methods.