Skip to main content
F
FredaK1
April 10, 2023
Question

Rental Property Revaluation

  • April 10, 2023
  • 1 reply
  • 0 views

I own a rental property that has increased in value. I've been advised to record this in an Equity account called "Revaluation Reserve". Looking elsewhere on the QB Community, I've seen that this should be balanced against an "Other Income" account called "Unrealized Gains/Losses". 

If the house has increased in value, is it correct to put a debit into "Revaluation Reserve" and a credit into "Unrealized Gains/Losses"?

 

1 reply

A
Ashleigh1
May 4, 2023

Hello FredaK1 , Thanks for posting on the Community page, we would advise that you reach out and speak to an accountant they will be able to advise how best to record it in your account and what to put it against. 

Terms & ConditionsAccessibility statement