Rentlane tracks rental income and expenses by property in IRS Schedule E categories all year. Hit "Export" in April and hand it to your CPA. $9/mo for unlimited properties.
If your tracking system is a bank statement and a shoebox of receipts, April is a fire drill. You're scrolling 12 months of transactions trying to remember which Home Depot run was for the 4-plex and which was for your own kitchen. Rentlane tags each transaction at the time it happens, by property and Schedule E line, so April becomes a single click.
Auto-pulled from your reconciled rent ledger.
Listings, Zillow promotions, Facebook ads.
Tracked via the per-property mileage log.
Tagged on every cleaner invoice.
Landlord, umbrella, flood — split per property.
Pulled from your bank-fed mortgage transactions.
Deductible this year, not capitalized.
Light bulbs, filters, small consumables.
Per-property, per-county, per-year.
Landlord-paid utilities tagged per property.
Calculated automatically (27.5-yr straight-line residential).
Catch-all with subcategories for HOA, professional fees, etc.
When you're ready to file, choose a tax year and a property. Rentlane prints a clean Schedule E-style report with totals on every line. Repeat per property. Done in under five minutes.
The export is built for both audiences. CPAs get a per-property P&L they can drop into their workpapers. DIY filers using TurboTax, H&R Block, or FreeTaxUSA get totals lined up to the Schedule E lines they're filling in.
Schedule E is the IRS form used to report income and expenses from rental real estate. Each property gets its own column (A, B, C), and each line corresponds to a specific income or expense category — rents received, advertising, auto and travel, cleaning, insurance, legal, management fees, mortgage interest, repairs, supplies, taxes, utilities, depreciation, and more.
Rentlane organizes your rental income and expenses by property and by IRS-aligned category from the moment you record them. At tax time, you export a per-property Schedule E-ready report — no spreadsheet wrangling, no "what was that $312 for?"
No — Rentlane prepares the data, you (or your accountant) file the return. The export is built so you can drop the numbers straight into TurboTenant, H&R Block, or hand it to your CPA.
Repairs are deductible in the current year (Schedule E, line 14). Capital improvements get depreciated over time (Schedule E, line 18 and Form 4562). Rentlane tags the difference at the transaction level so each ends up in the right place.
You enter each property's cost basis and in-service date. Rentlane calculates the annual depreciation deduction (27.5-year straight-line for residential rental property) and rolls it into your Schedule E export.
Yes — Schedule E supports up to three properties per form, and Rentlane generates a clean per-property column whether you own one or fifty.
Most single-member LLCs report rental income on Schedule E directly. Multi-member LLCs file Form 1065 with a Schedule K-1 — Rentlane's per-property P&L feeds either workflow.
Everything below is part of the same $9/mo plan — built for small landlords who want one tool that just works.
Tag transactions as they happen, export Schedule E in April. 14-day free trial. $9/mo for unlimited properties.
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