Open LedgerPROPERTIES
Free for rental owners

Own your numbers. Own the conversation.

Know your deductions, what they'll save you, and what you'll owe before you meet your CPA. Open Ledger tracks your rental's income, expenses, depreciation and carried-over losses year after year, so tax season is a conversation, not a black box.

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2026 profit and loss Sample property, 12 Elm Street
Line 3Rents received$28,800.00
Line 14Repairs 9 receipts−$2,140.00
Line 18Depreciation year 3 of 27.5−$9,818.00
Net rental income$16,842.00
85822025 loss carried in tracked−$11,400.00
Taxable rental income$5,442.00
Tax saved by deductions and depreciation$11,958 of deductions at a 35% tax rate
$4,185

A sample of the year-end report, with Schedule E line numbers, the loss carried forward on Form 8582, and the tax your deductions save. Figures are illustrative.

How it works

Every dollar logged. Every deduction kept.

No shoebox of receipts in March, and no rebuilding last year's numbers from memory.

A walkthrough of the real app with sample numbers. Try it with your own property.

Know before you go

From black box to conversation.

Most rental owners hand their records to a CPA and wait for a number. Open Ledger gives you the numbers first, so you walk in with questions instead of hoping nothing was missed.

Today

You hand it over and hope

  1. A folder of receipts and statementsGathered in March, from memory and email.
  2. Your CPA's software■ The black box
    Depreciation, carryover and deductions are worked out where you can't see them.
  3. A number comes backYou pay it, without knowing what was counted, what was missed, or what to ask.
With Open Ledger

You walk in with an agenda

Agenda: tax meeting with my CPA 12 Elm Street · 2026 tax year
  1. $9,818Depreciation

    Does the return show the same depreciation for the building?

  2. $11,400Loss carried in

    Was the full carryover applied against this year's profit?

  3. $4,185Tax saved

    Are there deductions I'm missing that would save more?

  4. $1,800New fridge

    Should we take the de minimis election and deduct it this year?

  5. $1,905To set aside

    Is that the right estimated payment, and when is it due?

Every figure comes straight from your ledger.

What your ledger keeps for you

Everything your CPA needs, kept year after year.

One report per property per year, organized the way the tax form is. Your tax history lives with you, not only in your preparer's software, so nothing resets when you switch.

Every deduction on the right lineIncome and expenses totaled by Schedule E line, the form your CPA files for rental property.
Depreciation that never resetsThe building and every improvement, scheduled to the month, so nothing is dropped or counted twice.
Carryover that follows youLosses you can't use yet carry forward until you can, so a new preparer starts from the right number.
A mileage log that holds upEvery trip's date, purpose and miles, at the IRS rate for that date.
Every receipt in one downloadNamed by date, vendor and amount, ready to send with the report.
What to set aside, and a check on the returnA running tax estimate for each owner, and a comparison with the figures on your filed return.

Your numbers, in your hands.

We built Open Ledger to keep the books for our own family's six-unit rental, and tax season stopped being a scramble. Now it's free for every rental owner.

  • Free
  • As many properties as you own
  • Built for owners who work with a CPA
Create your free ledger Questions? [email protected] · Want us to run the property too? See property management