Rental Income

Do you know the difference between a repair (that IS tax deductible) and an improvement (that is NOT tax deductible) or that rents not yet received by you may be taxable? The tax office WILL be auditing property investors this year! Let the experts guide you through the tax law puzzle.

**Rental Income**
Property Address:
Date of construction of the property:
When did you first receive rental income:
Did you claim depreciation last year? Please mail a copy of the depreciation schedule to us.	YES / NO

Income and Expenses
(please enter $ value in the fields)
Gross rent received:
Mortgage Interest:
Council rates:
Water Rates:
Bank Charges:
Electricity:
Property Management Fees:
Advertising:
House Insurance:
Repairs and Maintenance: (Please list details and costs below)

Depreciable Items Purchased: (Please list details and costs below)

Other Expenses: (Please list details and costs below)