IRS requires quickbooks records in audits?!

[Edita D.]

Hello everybody!

I use a regular Excel spreadsheet for our rental property expenses. Is it IRS' requirement to switch to quickbooks now?

Thanks!

[Jeffrey H.]

No.  The IRS cannot dictate what software you use. You can chisel your expenses in stone if you want.  You can use whatever you want so long as you have receipts to back it up in the event of an audit.  Keep everything for 7 years.