Your bank shows one $2,400 mortgage payment. For Schedule E to be right, that needs to be split four ways:

• ✓ Principal — reduces your mortgage payable, NOT a deduction
• ✓ Interest — deductible (line 12 of Schedule E)
• ✓ Escrow property tax — deductible when paid by escrow agent (line 16)
• ✓ Escrow insurance — deductible (line 9)

Stessa, QBO, and most competitors don't do this. You either do it manually every month per property, or your CPA does it at year-end. Either way you lose hours.

MyAIAccountant pulls each property's amortization schedule (or your monthly mortgage statement) and splits the payment automatically. Reconciled against Form 1098 at year-end.