Answers from Stessa

Search results for:tax

Tax Information Required for Your Stessa Account

Did you receive an email about tax information?… Please confirm your tax profile and submit your updated tax form by January 31, 2025, via the email you… A review of your account with Stessa found that up-to-date tax forms are needed to ensure proper reporting

Stessa Mobile: Smart Receipt Scanning

Scan your receipts to create transactions automatically, keep solid tax records in case of an audit, and stay organized… Scanning receipts offers multiple advantages over manual entry: Helps you stay organized for tax

How to Split & Categorize Mortgage and Escrow Payments

Track each key component of your mortgage payment, like interest, principal, and escrows, for more accurate reporting and easy tax prep… Mortgage Principal Mortgage Interest Escrow Transfer categories (e.g., PMI, Property Tax… Record the payment to the vendor (e.g., county tax office) in the correct expense category

Choose the Right Stessa Plan For You

Reporting and taxes… Basic reporting Advanced reporting X X All reports Accountant tax… package Basic tax package Plus Schedule E Plus CapEx Full data export ✓

Stessa Categories: Master List

Taxes… These categories map directly to Stessa reports and align closely with IRS Schedule E for simplified tax… Assessments City, State, & Local Taxes Short Term Occupancy Taxes Federal Taxes Tax

How to Track Capital Expenses

Stessa makes it easy to track them for accurate reporting, depreciation schedules, and streamlined tax… always includes all capital projects, regardless of the date, since depreciation can span multiple tax… You can also access this report via the Tax Package feature when preparing your year-end documentation

How to House Hack with Stessa

occupying the main residence This setup provides unique financial benefits, but it also creates tax… Stessa does not provide tax, legal, or accounting advice… Find the expense that needs splitting (e.g., landscaping, property tax)

📊 Webinar: How to Efficiently Manage Your Rental Property Portfolio with Stessa

Generate key reports including: Income Statements Net Cash Flow Summaries Schedule E Tax… Reports Export reports for tax preparation or investor presentations Upload and organize

Investment Property Metrics FAQ

The property tax value is pulled from the most recent public record of the property’s annual tax amount… ❓Where does the property tax estimate come from?… factors including purchase price, recent sales comps in the market, the assessment process, other local tax

How To Mark A Property As Sold

property is excluded from portfolio and property dashboards You retain full historical data for tax