What are reimbursements?

What are reimbursements?

Occasionally, you may overpay a bill on your property, and then get reimbursed for an over-payment in a later month. For example, you might have overpaid your electric bill by $20 in July, and then in August the electric company credited you $20 for the over-payment. In this case, you would enter the actual payment in the Utilities category in the INCOME and EXPENSES form in July, and then enter $20 in the Reimbursements category in August.

The over-payment will cancel itself out on the SCHEDULE E at the end of the year.


    • Related Articles

    • What are the numbers in parentheses in the Schedule E report?

      The numbers in parentheses are the line numbers on the IRS Schedule E tax form. TRACK > SCHEDULE E https://propertytracker.com/schedulee.php
    • What apps does REAL ESTATE TOOLS provide for income property investors?

      PROPERTY TRACKER - PropertyTracker.com is a web-based service that helps you evaluate potential properties before you buy and track the mortgage, income, and expenses for properties that you already own. The first 30-days are free and clients are ...
    • How can I track my property performance?

      Real Estate Tools offers a suite of programs to help you manage your portfolio of income properties. Property Tracker is a web-based monthly service that helps you evaluate potential properties before you buy, and track the properties that you ...
    • Local vs Long Distance Real Estate Investing

      CW 1131 - Listener Question - Local vs Long Distance Real Estate Investing Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate ...
    • Property Tracker 101 - Getting Started with Property Tracker (VIDEO)

      The INPUT DATA section of Property Tracker is where you enter the basic information about each property. A link to the INPUT DATA section of the site can be found in the top left and bottom left of every page in Property Tracker. Once these key ...