Schedule E, Line by Line
What expenses go on Schedule E for a rental property? Part I has fifteen expense lines, 5 through 19. Here is what belongs on each one.
Income, expense and tax tools for small and accidental landlords with one to four units — built so you can see true cash flow per unit and walk into tax time with your Schedule-E numbers already sorted. Track rent, expenses, leases, deposits and repairs from one connected file you own.
Owning one to four units puts you in an awkward middle: a blank spreadsheet makes you build every formula yourself, and property-management software is built and priced for hundreds of doors. The tools here are the size that fits — structured files you own outright that track rent, flag who's late, sort expenses by tax category, count down to lease renewals, and hand you a Schedule-E year-end summary.
Sizing up a rental? Start free with the rental cash-flow calculator — no signup — then read what Schedule E is and how rental income and expenses land on it.
Wondering whether a spreadsheet is enough? Weigh a spreadsheet vs property-management software for the size of your rental.
Recommended tools
3 templates
An income and expense workbook for long-term rentals, a P&L workbook for short-term rentals, and a home maintenance log for the upkeep behind every unit — in Excel and Google Sheets.
A landlord income and expense workbook for Excel and Google Sheets — track rent, expenses, leases, deposits, and repairs, with the Schedule-E numbers ready.
A short-term rental P&L workbook for Excel and Google Sheets — net the true profit on every Airbnb and Vrbo stay after fees, cleaning, and tax.
Track every appliance warranty, repair, and seasonal task in one spreadsheet you own — type a purchase date and it flags what's still under warranty.
Where we fit
Compare the setup effort, collaboration, and automation you need. Ardent Workshop sells ready-made templates; a custom spreadsheet or software platform may fit better depending on the job.
Build the structure around your own process, with time set aside for formulas, layout, and maintenance.
Owned, structured, connected workbooks — a one-time price, yours to keep.
Consider a platform when you need shared workflows, automation, or integrations. Check the specific plan, permissions, and export options.
Reading list
The renewal decision you make every year, whether to rent the house out at all, and the seasonal upkeep a rental quietly demands once you do.
What expenses go on Schedule E for a rental property? Part I has fifteen expense lines, 5 through 19. Here is what belongs on each one.
Ordinary wear and tear is the deterioration a landlord absorbs. Damage is what the tenant caused. Here is where the line actually sits, item by item.
Should you raise the rent on a good tenant? Usually yes if you're below market — here's the turnover math, the break-even move-out risk, and when to hold.
Should you sell your house or rent it out? Walk one household's numbers — carrying costs, vacancy, and the capital-gains clock — then score the decision.
A season-by-season home maintenance calendar for new homeowners — the small tasks that keep a $15 filter from becoming a $5,000 repair.