Expenses Rental Forms Details

When you are a landlord, there are many things to keep track of. In order to make tax time a little less stressful, the IRS has created a rental property expenses form. This form can help you track your expenses and deductions throughout the year. Knowing what is deductible can help you save money on your taxes. By using this form, you can make sure that nothing is missed come tax time. Being a landlord can be complicated and overwhelming at times, but using the rental property expenses form can make it a little bit easier.

Here is some information to help you learn the time it will take to complete the rental property expenses form.

QuestionAnswer
Form NameRental Property Expenses Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesrental income and expense worksheet pdf, rental property expenses sheet, rental income expense worksheet, rental income and expense worksheet

Form Preview Example

Rental Property Records

Address of property

Purchase date

Purchase Amount

Less value of land

Depreciated amount

Depreciation expense

Income

Jan

Feb

March

April

May

June

July

August

September

October

November

December

Total

Please note any tenant-paid expenses that reduced rental income

Improvements /Remodeling/Additions

Description

Date

Amount

 

 

 

 

 

 

 

 

 

Year

Expenses

Advertising

Cleaning

Insurance

Legal fees

Maintenance

Tax prep fee

Management fees

Mortgage Interest

Repairs

Supplies

Taxes

Utilities

Other:

Miles

**Note: Payments over $600 in rental property expenses must be reported on a Form 1099MISC. Please collect name, address and tax ID number form any person or business you pay more than $600 in a year. Use IRS Form W-9 from www.irs.gov/pub/irs-pdf/fw9.pdf .

Name & Address

Tax ID number

Amount paid

 

 

 

1099MISC forms must be delivered by Jan

31.Call Carol to prepare your 1099MISC forms.

created by Carol Topp, CPA

CarolToppCPA.com