Rental Property Worksheet

www.AFSGConsulting.com

TO SAVE OR SUBMIT CHECKLIST- The bottom of this form allows you to save a draft and/or submit when complete. You can also print using your web browser's print option.

Note: A separate Schedule must be prepared for each property. You can print or submit multiple versions of this form. One for each property.

Property Owner

Individual, Trust, or LLC

Email

Submission confirmation will be sent here

Are you (or your spouse) a real estate professional?

Name of Property

e.g. Ocean Tower or Walhalla House

Type of Property

Is this property a Short-Term Rental (average stay ≤ 7 days)?

Property Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Was or is this property part of a 1031 Exchange?

At any point in time, was this property subject to a cost segregation study?

During 2025, was your property impacted by a natural disaster or had an insurance claim?

Please provide details of the event.

We will be in touch if additional information is needed.

Was this property bought or sold in 2025?

Original Purchase Price & Date:

New Clients - Please Provide history of depreciation or original HUD/closing documents.

2025 Rental Days - this is especially important for properties with partial personal use. Total number of days should add up to 365, except in year of inception.

Rows	2025
Date First Available for Rent:
Number of Days Rented:
Number of Days Vacant, but Available to Rent:
Number of Days Vacant due to repairs/maint/construction:
Days of Personal Use:

Total Days

RENTAL INCOME - Please include amounts from Forms 1099-Misc and any other rental income received in 2025.

Typically this is the monthly rent x 12 months.

EXPENSES - Use the worksheet below to list the property expenses for the tax year by category (only need total for the year). The taxpayer is responsible for maintaining all backup documentations to support expenses claimed on Schedule E. Separately, supply the major property improvements, furniture, appliances, etc. in the Fixed Asset detail below.

RENTAL PROPERTY EXPENSE WORKSHEET

Rows	2025
Advertising
Auto & Travel
Cleaning & Maintenance
Commissions
Insurance
Legal & Professional Fees
Management Fees
Mortgage Interest
Small Repairs (<$500)
Supplies
Real Estate Taxes
Utilities
Other

Total Expenses (before depreciation)

PURCHASES - Please list improvements & fixed assets put in service in 2025 below.

Rows	Name of Item	Type of Asset	Date Purchased	Date in Use/Completed	Total Cost + Labor
1
2
3
4
5

SALES - Please list assets you sold or disposed of during 2025.

Rows	Name of Item	Type of Asset	Date Sold or Disposed of	Selling Price	Selling Expenses (i.e. Commissions)
1
2
3
4
5

Please upload your supporting documents below. These may include:

Closing Statement for purchase or sale occuring in 2025
2025 tax forms (1099s, mortgage interest Form 1098, property tax receipt)
Proof of major purchases identified above
New Clients: original closing documents, prior year depreciation schedules
1031 Exchange records
Cost Segregation Study

Rental Property Uploader

Browse Files

Provide supporting documents here.

NOTES TO YOUR ACCOUNTANT:

NOTES FROM YOUR ACCOUNTANT:

Rental losses may be limited based on income level and participation. See IRS Publication 925 for more: https://www.irs.gov/publications/p925

Watch Lauryn Charles on YouTube explain Rental Property Tax Rules.

Schedule E / Rental & Investment Properties