Rental Property Deductions
Cleaning and Maintenance
Commissions
Insurance
Legal, Accounting, and other professional fees
Management Fees
Mortgage Interest
Repairs
Supplies and Materials
Real Estate Taxes
Utilities
Cost Basis of Rental Home (for depreciation deduction)
Self Employed Health Insurance - amount spent on health insurance if you did not have the option of being covered under an employer's plan for another job
Cell Phone Cost/Year of Purchase
Cell Phone Use Charges for the year and percent used for your rental activities
Computer Cost/Year of Purchase
Printer Cost/Year of Purchase
IPad or Laptop Cost/Year of Purchase
Computer Internet Fees for the year and percent used for your rental activities
Internet Fees for mobile devices - phones, IPad, etc, used for rental activities
Home Phone Line Expenses for the year and percent used for your rental activities
Car Cost or Adjusted Basis/Date in Service (only if you plan not to use the standard mileage rate)
Car Miles Total for the year/Miles Driven for rental activities
Travel Costs (airplane, taxi, rental car, hotel, etc)
Cost of Meals during overnight travel
Advertising Expenses
Estimated Taxes paid during the year
Licensing and Fees
Office Expense - rent, electricity, utilities
Home Office Expense - square footage of home, square footage of office, utilities paid for home, electricity used for heating, air conditioning, lights,
computer; repairs, cleaning, supplies, paper, printer ink, etc
Any other expenses necessary or helpful for the business