Use this Rental Income Tax Preparation checklist if you have rental income from real estate or property.
General Information
- Address of your rental property.
- Rental period
- Do you have a co-owner of this property? If yes, what is the name and address of the co-owner, and the percentage of ownership?
- Your gross rental income
Rental Expenses
- Advertisement
- Insurance
- Interest
- Office expense
- Legal and accounting fees
- Management and administration fees
- Maintenance and repairs
- Salaries, wages, and benefits
- Property taxes
- Travel
- Utilities
- Motor vehicle expenses
- Other expenses
Capital Cost Allowance
- Furniture
- Cost value of the building
- Renovation
- Others
You can download this Rental Income Tax Preparation Checklist.
Thank You!