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The ATO requires that a Rental schedule be prepared and lodged for each rental property that is the subject of assessable income/loss.

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titleTo add a rental property schedule from the Tasks bar
  1. Open the tax return. See Opening an existing return.

  2. Find Rental Property (B) under ATO Schedules on the Tasks bar.

  3. Click AO-GS-Icon-Expand.pngImage Modified to expand the menu and click Add new.

The Rental Property Schedule opens. The ATO requires that a Rental schedule be prepared and lodged for each rental property that is the subject of assessable income/loss.Information about income and expenses must be entered for each rental property into the fields under the Income and Expenses headings. Details regarding sharing of income and expenses is entered under the Sharing of income and expenses heading.

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