Tax Facts & Tips

If you own rental Realestate

Print the article

This entry was posted on 2/9/2007 5:29 AM and is filed under Small Business Tips, Tax Tips.

Rental Property Tax Organizer list

If you own rental property this list is what you should bring with you for your tax appointment.

Use the following checklist, which includes the most common items reported for rental property deductions. As tax situations vary by each person’s situation you may not need all of these items or some additional information may be necessary. If in doubt please bring it!


General Information

Ÿ   Percentage of property rented verses used

Ÿ     Please bring last year’s tax return if you are new 

Deduction Information

Ÿ     Advertising

Ÿ     Management Fees

Ÿ     Janitor / Cleaning Expense

Ÿ     Insurance

Ÿ     Real-estate taxes

Ÿ     Mortgage Interest

Ÿ     Heat

Ÿ     Gas

Ÿ     Electricity

Ÿ     Water & Sewer

Ÿ     Supplies

Ÿ     Painting & Decorating

Ÿ     Bank Fees

Ÿ     Major Renovations or Purchases List Separately

 
Trackbacks
Trackback specific URL for this entry
  • Trackbacks are closed for this post.
Comments
    • No comments exist for this post.
Leave a comment

Comments are closed.