This approach will work with a partnership or a trust.

Note that the difference is that the partner loan balances are handled via the equity section rather than through the liability section as you see in a trust.


Step 1. Activate "Rentals" via Manage Section/Financial Picture


Step 2. You need to create "worksheet" via Income > Rent tab

Note that, imported rentals from accounting software does not inject to the form.

Step 3. Fill the Rental information

Click here to learn more about import feature. 

 

Step 4. "Rental" summary


Notes

  • Adding and linking Capital Works and Capital Allowance, checking this related guide HERE
  • CO-Owner

If there is a co-owner of the property, you need to set via "Owners" section, and select percentage.


The "Rental Worksheet is automatically linked/synched as long as the partner/spouse is built from the "Relationship" tab.


Related Guides:

Multiple Rentals filled via Financial Statements

Rental Income NOT for Business

Rental Schedule from QuickBooks