The Schedule E Report

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:
  1. 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.  
  2. 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

  1. Click on 'All' under the Reports menu item
3) Select the Property and options

  1. Make sure the appropriate tax year is selected
  2. 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.
  3. If you have any transactions booked to the Portfolio level, check the box to prorate them evenly across all of your properties.
  4. 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 a PDF. 

  1. The Schedule E export will immediately download to your computer. 
5) Contact us with any questions! 

    • Related Articles

    • The Fixed Asset Schedule

      The Fixed Asset Schedule provides a breakdown of all of your fixed assets, balances, and depreciation.  Fixed assets can be added and updated from the Fixed Asset page (under Accounts on the left side menu). Depreciation can also entered on the Fixed ...
    • The Net Operating Income Report

      Net Operating Income, NOI for short, is income generated by the ongoing operation of your properties. Compared to the Net Income report, NOI removes items related to the financing of the property, like interest paid, and the acquisition or ...
    • Updating the Chart of Accounts

      REI Hub allows you to add additional accounts and sub-accounts to your Chart of Accounts.  Some important things to know: To ensure the Schedule E report works correctly, create new Revenue and Expense Accounts as sub-accounts beneath the existing ...
    • Portfolio Level Expenses

      Some expenses or transactions do not apply to just one property, but to your entire portfolio.  Sometimes called overhead, these transactions are referred to as Portfolio level expenses in REI Hub.  Any transaction can be booked to the Portfolio ...
    • The Mileage Log

      As a rental property investor, you can typically claim mileage deductions for your local travel to manage or maintain your properties.  REI Hub helps you manage and claim this valuable deduction with the Mileage Log. If you track mileage outside of ...