Rental Property Income And Expenses Worksheet

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Rental Property Income and Expenses Worksheet
This worksheet provides a way for you to organize your income, credit and deduction information only. Whether or not an item
is listed on this worksheet is not necessarily an indicator of whether or not an item is taxable or deductible. Tax regulations
change often and specific circumstances may determine whether or not any item is relevant to your situation. This worksheet
cannot substitute for tax knowledge or professional tax advice. Please contact Expert Tax & Accounting Services LLC with any
specific questions or to book your tax appointment.
Please use the "Vehicle & Mileage Deduction Worksheet" to properly itemize and organize expenses and mileage
related to your rental property activity.
Address
Property 1:
Property 2:
Property 3:
Property 4:
Property 5:
Property
Income & Expenses
1
2
3
4
5
Income
Advertising Expense
Cleaning & Maintenance
Commissions paid to agents
Insurance
Legal & Professional Fees
Mortgage Interest Paid to Banks
Other Interest Expense
Repairs:
Carpentry
Electrical/Plumbing/Appliance
Paint & Decorating
Supplies & Small Tools
Property Taxes
Utilities
Wages & Salaries
Condo or Management Fees
HOA Fees
Business-Related Telephone
Improvements & Replacements
Purchase of new applances
I hereby verify that the information provided on this worksheet is accurate and complete. I understand it is my sole responsibility
and my continuing obligation to include any and all information concerning deductions and other information necessary for the
preparation of my personal income tax return. I have not overstated these deductions and acknowledge that false information
on a tax return could constitute a federal crime.
Signature____________________________________ Date____________
This worksheet provides a way for you to organize your credit and deduction information only. Whether or not an item is listed on this worksheet is not
necessarily an indicator of whether or not an item is taxable or deductible. Tax regulations change often and specific circumstances may determine whether or
not any item is relevant to your situation. This worksheet cannot substitute for tax knowledge or professional tax advice. Please contact Expert Tax &
Accounting (480) 831-6565 with any specific questions or to book your tax appointment.

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