The Schedule E Report

REI Hub offers several reports to help you summarize your numbers, assess your profitability, and prepare for taxes.  The Schedule E export will show your revenues and expenses in the same format as the IRS form, as well as help you include mileage and pro-rate overhead expenses across your individual properties. 

Some key things to know about the Schedule E report in REI Hub:
  • The Schedule E pulls off of the default Revenue and Expense accounts and their sub-accounts.  If you have created additional Revenue or Expense accounts, that are NOT sub-accounts of one of the defaults, you should instead use the Net Income report instead.  
  • View your overhead, or Portfolio level expenses, in the Net Income by Property report under the 'None Assigned' column.

To export your Schedule E:

1) Navigate to the Reports page and click on Schedule E

Find it in the Tax box

3) Select the Property and options

  • Make sure the appropriate tax year is selected
  • If you have entered any Mileage expenses, check the box to include them on your Schedule E export.  They will roll in under the 'Auto and Travel' expense category.
  • If you have any transactions booked to the Portfolio level, check the box to prorate them evenly across all of your properties.
  • View transactions booked to the Portfolio level in the Net Income by Property report, under the 'None Assigned' column.

4) Click Generate Report to view, and Export to download as an Excel file.  

The Schedule E export will immediately download to your computer. 

5) Contact us with any questions! 

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