Landlord Tax Deduction Checklist

Check the deductions you claim, enter your estimated amounts, and see your potential tax savings instantly.

%

Your Estimated Savings

Deductions Claimed
0
Total Deductions
$0
Est. Tax Savings
$0
⚠️ This is not tax advice. Consult a qualified tax professional for guidance specific to your situation.

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Frequently asked questions

What rental property expenses are tax-deductible?

The IRS allows landlords to deduct ordinary and necessary rental expenses including mortgage interest, property taxes, insurance, repairs, maintenance, utilities, property management fees, advertising, travel, and depreciation. The checklist covers 17 of the most-overlooked categories.

What's the difference between a repair and an improvement?

Repairs (fixing a leak, repainting one room) are deductible in the year incurred. Improvements (new roof, new HVAC, kitchen remodel) must be capitalized and depreciated over multiple years. Misclassifying a capital improvement as a repair is a common audit trigger.

Can I deduct mileage for trips to my rental?

Yes — trips for property inspections, showings, repairs, or coordinating contractors are deductible at the IRS standard mileage rate, provided you keep a log of date, miles, and purpose.

Is this checklist tax advice?

No. The checklist is an educational reference for organizing your records. Always review with a qualified tax professional or CPA before filing — laws change yearly and your situation may have specifics this list doesn't cover.