Your Rental Property Tax Savings Checklist Is Ready
Use this Excel workbook to review rental depreciation, repairs versus improvements, cost segregation readiness, Airbnb and short-term rental records, document gaps, and bookkeeping cleanup red flags.
Download the Excel Checklist
Click below to download your rental property tax savings checklist. Save a copy for your records and complete one section at a time.
If the file opens in a new browser tab, use your browser’s download option to save a copy.
How to use the checklist
Start with the property snapshot, then move through each self-diagnosis section. The goal is to help you identify what is clean, what is missing, and what may need professional review.
Step 1: Gather your records
Have your prior-year tax return, depreciation schedule, closing statement, mortgage statements, Airbnb or rental income records, and improvement receipts nearby.
Step 2: Mark red flags
Use the checklist to mark items as yes, no, not sure, or not applicable. Pay close attention to areas involving depreciation, repairs, improvements, and income reconciliation.
Step 3: Request help if needed
If you find missing depreciation schedules, unclear repairs versus improvements, messy books, or cost segregation questions, consider requesting a professional review.
Want a tax professional to review your rental situation?
Small Business Accounting Inc. helps rental property owners, Airbnb owners, landlords, and real estate investors with rental tax preparation, bookkeeping cleanup, depreciation review, cost segregation tax planning, and real estate tax strategy. Remote support is available nationwide.