Rental Real Estate Worksheet

Rental property can be a great source of income. However, we find so many taxpayers screw up their returns when they attempt to do it themselves with rental properties, especially when they sell the rental property.

The one area we usually find errors deals with depreciation of the property as well as determining a repair versus an improvement.

You might also want to look at utilizing a 1031 exchange if you want to sell a property. We can help.

Rental Real Estate Worksheet

Use this worksheet to get organized before your tax appointment. For a downloadable copy click here: Rental Real Estate WorksheetPDF of Rental Real Estate Worksheet

General Property Information

  • Address
  • Days Rented
  • Personal use days
  • Date placed in service
  • Cost Basis


  • Rental Income
  • Refundable Deposits

Automobile Mileage

  • Total Miles driven
  • Business Miles driven
  • % auto used for business
  • Parking, Tolls


  • Advertising
  • Bank Charges
  • Dues
  • Commissions
  • Cleaning Expenses
  • Decorations
  • Insurance
  • Accounting/Tax Prep fees
  • Legal/Professional
  • Licenses/Permits
  • Property Tax
  • Postage
  • Real Estate Taxes
  • Repairs
  • Supplies
  • Utilities

Travel and Meals

  • Hotels
  • Airfare
  • Meals
  • Entertainment