DoorWorth

Flips stay off Schedule E. On a property's Project card, turn on "Flip — held for sale, not a rental." The property leaves Schedule E, the tax package's Schedule E pages and depreciation, and its purchase price, closing costs, receipts and improvements add up as its basis so far (est.) in Reports and the Year-End Tax Package. A property in a project with no tenant asks once: rental or flip? Confirm the tax treatment with your CPA. Credit lines that match the statement. Add the statement date to a HELOC or loan ("Balance as of") and only receipts after that date add to its balance, so a statement balance is never counted twice. A HELOC or loan can now link only to a credit account, and Cash only to checking or savings; a link of the wrong kind is flagged on the card. Choose which bank accounts count. Bank Sync › Your Accounts has "Choose accounts to track": turn several accounts on or off at once, and show a hidden account again one at a time. A hidden account never counts toward buying power, cash on hand, the forecast or rent matching, and it stays hidden after every sync. One review queue on every device. Bank transactions waiting for review stay waiting until you file or skip them, so the same queue shows on the phone and the web. Split a bank transaction by payee. When one withdrawal paid two people, split it into a receipt per payee, category and property. The lines must add up to the bank amount to the cent, and each payee counts on its own for 1099s. Fill in your loan and closing costs from documents. Fill in from my documents now reads a promissory note, a closing disclosure, a settlement statement or a loan statement: the loan balance and its statement date, the rate and payment, the purchase price and each closing cost, every one cited to its page and filled only when you tap it. A note that covers two or more of your properties can be split by appraised value (est.). Escrow deposits are never counted as closing costs. A faster start. A new account begins with one address and two rough numbers, then shows that door at a glance, with every estimate labeled (est.) and a short list for making each number exact. Fixes: changing one tax set-aside bucket's rate now updates them all, and new buckets start from your own rate.