The 125 Most Common Write-Offs in Real Estate

Depreciable Capital Improvements - Property

  • Appliances

  • Appraisal Fees

  • Bathrooms Remodels

  • Closing Costs

  • Decking

  • Doors

  • Driveway

  • Electric

  • Excavation

  • Exterior Paint

  • Exterior Windows

  • Fences

  • Fire Place

  • Flooring

  • Flooring

  • Foundation

  • Framing

  • Furniture

  • Grading

  • HVAC

  • Inspections Fees

  • Interior Paint

  • Kitchen

  • Landscaping

  • Mechanicals

  • Patio

  • Plumbing

  • Porch

  • Real Estate - Building

  • Roof

  • Rough Structure

  • Sheetrock

  • Siding

  • Subfloor

  • Survey Fees

Depreciable Assets - Business

  • Computers

  • Office Equipment

  • Office Equipment

  • Office Furniture

  • Vehicles

Expenses - Property

  • Advertising

  • Amortization

  • Cash for Keys

  • Cleaning

  • Commissions

  • Depreciation

  • HOA Fees

  • Keys/Locksmith

  • Lawn Maintenance

  • Legal and other professional fees

  • Lock boxes

  • Mortgage Interest

  • Property Insurance

  • Property Taxes

  • Repairs and Maintenance

  • STR Furnishings

  • STR Supplies

  • Travel to Property

  • Utilities - Electric

  • Utilities - Gas

  • Utilities - Internet & TV

  • Water/ Sewer

Expenses - Business

  • Accounting Fees

  • Advertising & Promotion for Business

  • Airfare

  • Amortization

  • Bank Service Charges

  • Board meetings

  • Bookkeeping Fees

  • Books

  • Business Cards

  • Business Coaching

  • Business Conferences

  • Business Insurance

  • Business Interest Paid

  • Business Licenses and Permits

  • Charitable Contributions

  • Consulting fees

  • Continuing Education

  • Depreciation

  • Failed Escrow Expenses

  • General Business Expenses

  • General Liability Insurance

  • Gifts (within limits)

  • Hotels

  • Laundry while traveling

  • Legal & Professional Fees

  • Legal Fees

  • Life and Disability Insurance

  • LLC Formation and Renewal Fees

  • Meals & Entertainment

  • Memberships

  • Office Expenses

  • Office Furnishing

  • Office Lease

  • Office Rent

  • Office Repairs and Maintenance

  • Office Supplies

  • Office Utilities - Electric

  • Office Utilities - Gas

  • Office Utilities - Internet & TV

  • Office Utilities - Water/ Sewer

  • Payroll Expenses

  • Phone Expenses

  • Printing & Photocopying

  • Professional Liability

  • Shipping & Postage

  • Signs/Banners

  • Software & Apps

  • Taxes & Licenses

  • Taxis or Shared Rides

  • Travel for Business

  • Travel Meals

  • Vehicle Fines & Penalties

  • Vehicle Gas & Fuel

  • Vehicle Insurance

  • Vehicle Leases

  • Vehicle Loan Interest Paid

  • Vehicle Parking & Tolls

  • Vehicle Registration

  • Vehicle Rental

  • Vehicle Repairs

  • Vehicle Wash & Road Services

  • Website design

  • Worker's Compensation

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

Not missing out on deductions

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