Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

117
Posts
26
Votes
Tom Server
26
Votes |
117
Posts

Write off, no invoice?

Tom Server
Posted

I am a first-time property owner, and I just purchased a triplex; I kept the original landscaper.  He doesn't send out invoices and just gets paid by zelle. How do I write that off at the end of the year, if i have no invoices? 

Most Popular Reply

User Stats

317
Posts
289
Votes
Manny Vasquez
  • Real Estate Agent
  • Orange County
289
Votes |
317
Posts
Manny Vasquez
  • Real Estate Agent
  • Orange County
Replied

For materials and/or services for any of my investment properties where the contractor/person does not give me a receipt, I do one of two things:

1). I choose to jot-it down on a notebook where I keep track of my expenses.  I then turn over this expense notebook to my CPA so that he can use it to offset my taxes. 

2). I-if it's "big expense", I get ahead of this issue by whipping out a receipt book (you can buy one at any store like Target, Wal-Mart, Staples, Office Depot, etc) and jot down the work that was performed, materials, hours, amount of people, other expenses, etc. In short, I write down the total amount that was paid to perform the project.  If possible, I may have the service provider sign-it as a "just in case".

By the way, it was my CPA that provided both ideas to me :)

  • Manny Vasquez

Loading replies...