Rental Property Income And Expense Worksheet
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1Rental Property Income and Expense worksheet
Income
Amount
Description of Property _________________________________ Rents Received
_________________________________ Deposits Forfeited
Address of Property
% of Occupancy or Ownership (if not 100%) _______________ Other Income - ____________________
If less than 100%, you should pro-rate the income and expenseOther Income - ____________________
items accordingly.
Total Income
Expenses
Amount
Amount
Accounting
Supplies
Advertising
Taxes - Real Estate
Association Dues
Taxes - Water and Sewer
Auto and Travel (see mileage method below)
Taxes - Other
Cleaning and Maintenance
Telephone (usually only Long Distance)
Commissions
Utilities - Electric
Insurance
Utilities - Gas/Oil
Legal and Professional Fees
Utilities - Water/Sewer
Management Fees
Other - Accounting and Tax Preparation
Miscellaneous
Other - Landscaping/Gardening
Interest - Mortgage
Other - Snow Removal
Interest - Other
Other - Refuse Removal
Painting and Decorating
Other Expense - ____________________
Pest Control
Other Expense - ____________________
Repairs - Plumbing and Electrical
Other Expense - ____________________
Repairs - Appliances
Other Expense - ____________________
Repairs - Other
Other Expense - ____________________
Total Expenses
Automobile Mileage
Miles driven in your personal vehicle can be deducted using a standard rate (for example, trips to the property, the hardware
store, or the bank to deposit rents, etc.) Please provide the following information for your mileage deduction.
Year and Make of Vehicle
Total miles driven related to property only
Total miles driven in year (all miles)
Tolls and parking fees related to property only
Capital Assets (Depreciation)
Identify capital purchases below; including appliances, equipment, furniture, vehicles or property improvements
Description of Asset
Date Acquired
Cost
Identify capital assets sold or disposed of below
Description of Asset
Date of Disposal
Amount Received
The information that is here-in provided is, to the best of my knowledge, accurate and valid.
I realize that I am solely responsible for what is reported on my income tax return.
_________________________________________
________________________________________
Tel: (786) 693-9358
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Fax: (786) 513-3777
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