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Integration

DoorVault + Drake Tax Export

Export Schedule E data formatted for Drake tax software so your CPA can file without chasing down numbers.

Overview
What it does

DoorVault generates tax export files formatted specifically for CPAs who use Drake tax preparation software. The export includes Schedule E data for each rental property: gross rents, advertising, insurance, repairs, taxes, mortgage interest, depreciation, and every other line item your CPA needs.

Entity level reporting groups properties under the correct LLC or trust, so multi entity portfolios export cleanly without your CPA having to manually sort which property belongs to which entity.

The goal is to eliminate the back and forth between you and your CPA at tax time. Instead of emailing spreadsheets and answering follow up questions, you hand over one export file and the numbers are already organized the way Drake expects them.

Workflow
How it works

1Keep your books current during the year

Record income and expenses throughout the year using bank feeds, document uploads, or manual entry. DoorVault categorizes everything at the property level.

2Review your annual numbers

Before exporting, review each property's P&L on the financials page. Make sure all transactions are categorized correctly and no months are missing.

3Generate the Drake export

Navigate to Reports and select Drake Tax Export. Choose the tax year and the entities you want to include. DoorVault generates the formatted output.

4Send to your CPA

Download the export file and send it to your CPA. They import it into Drake and the Schedule E data populates automatically.

Capabilities
Features

Schedule E line item mapping

Every expense category in DoorVault maps to the correct Schedule E line item. Repairs go to line 14, taxes to line 16, insurance to line 9, and so on.

Entity level grouping

Properties are grouped by their parent LLC or trust. Your CPA sees each entity as a separate Schedule E with the correct EIN and ownership percentages.

Multi year support

Export data for any completed tax year. Historical data stays in DoorVault so you can re export if your CPA needs a correction or amendment.

Depreciation tracking

DoorVault tracks purchase price, closing costs, and land value so depreciation calculations are available for your CPA without separate spreadsheets.

Setup
Getting started

  1. Categorize your transactions

    Make sure income and expenses are categorized using DoorVault's standard categories. These map directly to Schedule E line items.

  2. Set up your entities

    If you hold properties in LLCs or trusts, create the entities in DoorVault and assign each property to the correct entity.

  3. Generate the export

    Go to Reports, select Drake Tax Export, pick the tax year, and download. The file is ready to hand to your CPA.

FAQ
Common questions
Does my CPA need to use Drake specifically?
This export is formatted for Drake tax software. If your CPA uses a different tax preparation tool, you can still use DoorVault's standard financial reports and Schedule E summaries, but the one click Drake import will not work.
What if my CPA finds an error in the export?
Correct the transaction in DoorVault, then re export. The export always reflects the current state of your data, so corrections are immediate.
Does the export handle multiple properties in one LLC?
Yes. The export groups all properties under their parent entity. If one LLC owns five rental properties, your CPA sees one entity section with five Schedule E entries.
Can I export partial year data?
The export is designed for full tax years. For mid year reporting, use DoorVault's standard financial reports which can filter by any date range.

Try DoorVault Free

2 properties, full features, no credit card required. See how DoorVault works with Drake Tax Export.

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