The 125 Most Common Write-Offs in Real Estate ✅

Depreciable Capital Improvements - Property 

 

1. Appliances
2. Appraisal Fees
3. Bathrooms Remodels
4. Closing Costs
5. Decking
6. Doors
7. Driveway
8. Electric
9. Excavation
10. Exterior Paint
11. Exterior Windows
12. Fences
13. Fire Place
14. Flooring
15. Flooring
16. Foundation
17. Framing
18. Furniture
19. Grading
20. HVAC
21. Inspections Fees
22. Interior Paint
23. Kitchen
24. Landscaping
25. Mechanicals
26. Patio
27. Plumbing
28. Porch
29. Real Estate - Building
30. Roof
31. Rough Structure
32. Sheetrock
33. Siding
34. Subfloor
35. Survey Fees

 

Depreciable Assets - Business 


36. Computers 
37. Office Equipment
38. Office Equipment
39. Office Furniture
40. Vehicles

 

Expenses - Property

 

41. Advertising
42. Amortization
43. Cash for Keys
44. Cleaning
45. Commissions
46. Depreciation
47. HOA Fees
48. Keys/Locksmith
49. Lawn Maintenance
50. Legal and other professional fees
51. Lock boxes
52. Mortgage Interest
53. Property Insurance
54. Property Taxes
55. Repairs and Maintenance
56. STR Furnishings
57. STR Supplies
58. Travel to Property
59. Utilities - Electric
60. Utilities - Gas
61. Utilities - Internet & TV
62. Water/ Sewer

 

Expenses - Business


63. Accounting Fees
64. Advertising & Promotion for Business
65. Airfare
66. Amortization
67. Bank Service Charges
68. Board meetings
69. Bookkeeping Fees
70. Books
71. Business Cards
72. Business Coaching
73. Business Conferences
74. Business Insurance
75. Business Interest Paid
76. Business Licenses and Permits
77. Charitable Contributions
78. Consulting fees
79. Continuing Education
80. Depreciation
81. Failed Escrow Expenses
82. General Business Expenses
83. General Liability Insurance
84. Gifts (within limits)
85. Hotels
86. Laundry while traveling
87. Legal & Professional Fees
88. Legal Fees
89. Life and Disability Insurance
90. LLC Formation and Renewal Fees
91. Meals & Entertainment
92. Memberships
93. Office Expenses
94. Office Furnishing
95. Office Lease
96. Office Rent
97. Office Repairs and Maintenance
98. Office Supplies
99. Office Utilities - Electric
100. Office Utilities - Gas
101. Office Utilities - Internet & TV
102. Office Utilities - Water/ Sewer
103. Payroll Expenses
104. Phone Expenses
105. Printing & Photocopying
106. Professional Liability
107. Shipping & Postage
108. Signs/Banners
109. Software & Apps
110. Taxes & Licenses
111. Taxis or Shared Rides
112. Travel for Business
113. Travel Meals
114. Vehicle Fines & Penalties
115. Vehicle Gas & Fuel
116. Vehicle Insurance
117. Vehicle Leases
118. Vehicle Loan Interest Paid
119. Vehicle Parking & Tolls
120. Vehicle Registration
121. Vehicle Rental
122. Vehicle Repairs
123. Vehicle Wash & Road Services
124. Website design
125. Worker's Compensation

 

 

 

 

What is the best tax-saving strategy in real estate?
 
👇

 

Not missing out on deductions

Contact Us

We're here to assist you with any inquiries or information you may need about our real estate bookkeeping services. We look forward to connecting with you and being a valuable resource for your financial needs in the real estate industry.

Name *
E-mail *
Phone *
Message *

Need quick answers? Book a discovery call with BookkeepingRE at a time that works for you. Get direct insights from Jake Baker, to swiftly address your questions about real estate bookkeeping. Your pathway to financial clarity starts with a simple discovery call – book yours today.

 

👇