Advice and answers from the Stessa Team

Search results for:tax

Stessa Mobile: Smart Receipt Scanning for Rental Properties

Scan your receipts to create transactions automatically, keep solid tax records in case of an audit, and stay organized… Here are a few, in no particular order: Streamlines required tax record-keeping for a potential
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

Split & Categorize Mortgage Payments

Track each key component of your mortgage payment, like interest, principal, and escrows, for more accurate reporting and easy tax prep… Categorize the Insurance escrow amount as "Transfers > Insurance Escrows" Categorize the Property Tax… escrow amount as "Transfers > Property Tax Escrows" Categorize the HOA Dues escrow amount as "
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

How to House Hack with Stessa

not your CPA, attorney, or tax advisor… We strongly recommend reaching out to a qualified CPA to understand all the complicated tax regulations… and expenses, in order to figure out which will be most tax-advantageous for you
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

Pick The Right Plan For You

reporting Advanced Reporting x Add’l reports including SREO Accountant tax… package Basic tax package Plus CapEx and Schedule E Banking FDIC insured
Victor Perez avatar
Written by Victor Perez
Updated over a week ago

How to Track Capital Expenses

to create a Capital Expenses Schedule to see all your projects in one place and help you prepare for tax… You'll want to check with your CPA before making final tax decisions as some capital expenses may be… Note that when included alongside other reports via the Tax Package feature, the Capital Expenses Schedule
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

Stessa Categories: Master List

Taxes… Property Taxes Special Assessments City, State, & Local Taxes Short Term Occupancy Taxes Federal Taxes Tax… Interest Credit Card Payments Owner Distributions Owner Contributions General Escrow Payments Property Tax
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

Your Schedule of Real Estate Owned

small "three dots" action icon on the Monthly Expenses card and then "Add Property Taxes" to update the tax… Note that the figure reported on your SREO is not influenced by actual property tax payments logged on… If you see the word "Included" instead of a number, that means your monthly Property Tax amount is included
Devin Redmond avatar
Written by Devin Redmond
Updated over a week ago

Schedule E Report Mapping

Taxes City, State, & Local Taxes Taxes Taxes Federal Taxes Taxes Taxes Tax… Contributions n/a Transfers Credit Card Payments n/a Transfers Property Tax
Victor Perez avatar
Written by Victor Perez
Updated over a week ago

Stessa Pro Monthly Expenses: Actual & Pro Forma

categories are fixed in place and match those found elsewhere in Stessa and are roughly aligned with most tax
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Written by Devin Redmond
Updated over a week ago

Track Raw Land & Vacant Lots with Stessa

Keep in mind, however, that some key features like Zestimates, property tax assessments, and photos may
Victor Perez avatar
Written by Victor Perez
Updated over a week ago