STR Tax Deduction Checklist??

[Louis Zameryka]

I recently purchased my first STR (3bed condo in Orlando)

When it comes to be tax time what can I claim as deductions etc?

Anyone have a simple checklist of receipts is should be saving for my accountant?

Thanks

[Daniel Hyman]

Hopefully you are working with a CPA to guide you on your tax compliance and overall tax strategy. 

Here is a list of potential deductions. Some are straightforward. Others should be bounced off of your CPA as to how they pertain to your situation.

• Advertising
• Auto
• Travel
• Home Office 
• Legal & Professional
• Interest
• Property Taxes
• Utilities
• Insurance
• Managements
• Repairs 
• Supplies
• Depreciation
• Rental platform fees
• Licenses and fees