TAX REPORT FOR A REVENUE PROPERTY
(duplex, triplex, etc.)
Income:
• Rental income
Expenditures:
• School board taxes
• Municipal taxes
• Electricity (if certain space is shared or paid by the owner)
• Heating (if heating cost is paid by the owner)
• Repairs and maintenance
• Professional fees
• Advertising
• Etc.
If you use a car to your revenue property:
• Kilometers used for self-employment
• Total mileage made
• Percentage (%) of use to your revenue property
• Details of vehicle purchase
• Interests paid on car rental
• Registration fees
• Driving license fees
• Car Insurance
• Gasoline
• Parking
• Repairs and maintenance
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