Clean rental records for tax time.
Keep income and expenses separated by property, review Schedule E-aligned categories, and export a rental transaction summary CSV for your tax preparer.
Why Schedule E is a yearly headache
If your tracking system is a bank statement and a shoebox of receipts, April becomes a reconstruction project. Rentlane keeps property assignments and Schedule E-aligned categories reviewable throughout the year.
Schedule E categories in the workflow
Line 3 — Rents received
Taken from the landlord-reviewed rent ledger.
Line 5 — Advertising
Listings, Zillow promotions, Facebook ads.
Line 6 — Auto and travel
Tracked via the per-property mileage log.
Line 7 — Cleaning & maintenance
Tagged on every cleaner invoice.
Line 9 — Insurance
Landlord, umbrella, flood — split per property.
Line 12 — Mortgage interest
Pulled from your bank-fed mortgage transactions.
Line 14 — Repairs
Deductible this year, not capitalized.
Line 15 — Supplies
Light bulbs, filters, small consumables.
Line 16 — Property tax
Per-property, per-county, per-year.
Line 17 — Utilities
Landlord-paid utilities tagged per property.
Line 18 — Depreciation
Review a straight-line residential estimate against your property details and tax advice.
Line 19 — Other
Catch-all with subcategories for HOA, professional fees, etc.
One export, one report per property
Choose a tax year and property, review the included transactions, and export the rental transaction summary as CSV. Repeat for each property as needed.
For your accountant or your tax software
The export gives your tax preparer a per-property transaction summary and cash-basis totals. It does not replace professional tax review or file the return.
Frequently asked questions
What is Schedule E?
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.
How does Rentlane help with Schedule E?
Rentlane organizes rental transactions by property and Schedule E-aligned category, then exports a CSV summary for tax-prep review.
Does Rentlane file my Schedule E for me?
No. The export is a rental transaction summary, not a filed tax document. You or your tax preparer review the records and file the return.
How are repairs vs. improvements handled?
The workflow supports reviewable splits and categories. Landlords remain responsible for verifying tax treatment with their records and tax professional.
What about depreciation?
Depreciation and cost-basis decisions remain with the landlord and tax preparer. Rentlane's export focuses on the transaction records used for tax preparation.
Does it handle multiple properties?
Yes. Rentlane keeps income and expenses separated by property and provides cash-basis reporting at the property and portfolio level.
What about pass-through entities like LLCs?
Rentlane provides property-level records and cash-basis reports. Your accountant determines how those records flow into the entity's tax return.
Other Rentlane Tools
Explore the rest of Rentlane for independent landlords with portfolios of up to 20 units.
- Zelle Rent TrackingReview supported Zelle payment suggestions or add the record manually.
- Rent Payment TrackingOne ledger for Zelle, Venmo, bank transfers, checks, and manual payments.
- Lease Signing by TextSend DocuSeal signing links by text or email, with no Rentlane tenant app required.
- Rental Expense TrackingReview expenses, attach receipts, and see cash-basis P&L by property.
- Maintenance TrackingKeep tenant maintenance requests, status, photos, and property context organized.
- Landlord AccountingKeep cash-basis property income and expenses organized for monthly review and tax prep.
- No Per-Unit-Fee SoftwareFlat $8.99/month pricing for portfolios of up to 20 units — no per-door charge within that range.
- Pricing & Plans$8.99/month on iOS, monthly only, with no annual plan yet.
Make April a five-minute click
Tag transactions as they happen and export CSV reports for Schedule E prep. iOS pricing is $8.99/month.
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