Rental Income Tax Preparation Checklist

If you have rental income from real estate or property, please use this checklist when preparing the information and documents. For more information contact us.

General Information

  • Address of your rental property.

  • Rental period

  • Do you have a co-owner of this property? If yes,

    • Name and address of the co-owner
    • Percentage of your partnership in the rental
    • Percentage of your spouse partnership in the rental
    • If this is an apartment building, how many units does it have

  • Your gross rental income

Rental Expenses

  • Advertisement

  • Insurance

  • Interest on Mortgage

  • Office expense

  • Legal, accounting, Agent and other professional fee

  • Management and administration fees

  • Maintenance and repairs

  • Salaries, wages, and benefits

  • Property taxes

  • Travel

  • Utilities

  • Condo fees

  • Motor vehicle expenses

  • Other expenses (Specify)

Capital Cost Allowance

  • Furniture

  • Cost value of the house price and the portion for building and land

  • Renovation

  • Others

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