RENTAL PROPERTY DEDUCTIONS WORKSHEET

							RENTAL REAL ESTATE DEDUCTIONS                                                TAX YEAR _______________

LOCATION OF RENTAL PROPERTY:
(street address, city or town, state, zip code)

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TYPE OF RENTAL PROPERTY________________________________________________________________________________________
(apartment, brick frame, condominium, duplex, siding frame, townhouse, wood frame, etc.)

YEAR OF PURCHASE ____________________                 PURCHASE AMOUNT………………...…...……...…….$_______________

RENTS RECEIVED……………………………………………………………………………………………………………..$_______________
(rent income received from rental property, amounts reported in Box 1 of Form 1099-MISC, etc.)

ADVERTISING…………….……………………………………………………..……………………………………………..$_______________
(banners, business cards, flyers, newspaper ads, radio, television, etc.)

BUSINESS VEHICLE(S) PURCHASED…..…………………………..…………………………………………………..…..$_______________

CAR AND TRUCK EXPENSES……..………………………………..………………………………………………………..$_______________
(gasoline, insurance, oil, repairs and maintenance, tires, vehicle tags, etc.)

BUSINESS MILES DRIVEN...……..………………………..…………………………………………………………..………_______________

CLEANING AND MAINTENANCE……..…………………………………..………….……………………………………..$_______________

COMMISSIONS……………....…………………………………………..……………………………………………………..$_______________

INSURANCE PREMIUMS PAID (other than health)…….…………………………………..…..…………………………..$_______________
(business liability, fire, flood, homeowners, theft, vandalism, etc.; do not include any car and truck expenses)

LEGAL AND OTHER PROFESSIONAL FEES......…………………….……………………………..……………………..$_______________
(accounting, attorney, bookkeeping, tax advice, etc.)

MANAGEMENT FEES……………………...…........…………………….………………………………..…………………..$_______________

MORTGAGE INTEREST AND POINTS PAID……………………………………………………..………………………..$_______________
(business and rental property; do not include any personal residence expenses)

OTHER INTEREST PAID……….......…………………………………………………..……………………………………..$_______________
(finance charges on credit card purchases, interest paid on business loans, etc.)

REPAIRS………………………….……………..…….………………………………………..………………………………..$_______________
(improvements and maintaining of rental property; do not include any car and truck expenses)

SUPPLIES AND OFFICE EXPENSES…………...……………………………………………………………………..……..$_______________
(cleaning, computers, copy paper, equipment, fax machines, furniture, note pads, pencils, pens, postage, post office
box rental, printers, receipt books, security systems, supplies for computers and printers, tools, etc.)

TAXES AND LICENSES……..…….…………………...………………………………………………………..……………..$_______________
(property and real estate taxes, license fees paid to maintain business; do not include any personal residence expenses)

UTILITIES……........…………….………………………..……………………………………………………………………..$_______________
(gas, lights, telephone, water, etc.; do not include any personal residence expenses)

TRAVEL…………………….....…………………………………………..……………………………………………………..$_______________
(airfare, bus, car rentals, taxicab, train, hotels, etc.)

MEALS AND ENTERTAINMENT……..……...…………………………..…………………………………………………..$_______________

RENT OR LEASE PAYMENTS OF VEHICLES, MACHINERY, AND EQUIPMENT..…………………………..……..$_______________

RENT OR LEASE PAYMENTS OF OTHER BUSINESS PROPERTY…………………………………..………………..$_______________
(land, office space, etc.)

OTHER EXPENSES PAID:
(bad debts included in income, bank charges and fees, business cell phone, internet service, parking fees, professional
organization dues, security systems, tolls, uniforms (cleaning, work boots, work shoes, etc.)
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