O'CONNOR, WELLS & VANDER WERFF, LLC
2015 RENTAL TAX WORKSHEET
Property Types: 1-Single Family, 2-Multi-Family, 3-Vacation/Short-Term, 4-Commercial, 5-Land, 6-Royalties, 7-Self-Rental, 8-Other (describe)
Tax Elections: The De Minimis Safe Harbor applies for certain costs under $500
The Small Taxpayer applies for certain costs that don’t exceed the lesser of $10,000 or 2% of the unadjusted basis of the building
Filing of 1099 Forms: Please request a worksheet to meet filing requirements if needed by the January 31, 2016 deadline.
Were payments made that would require you to file 1099 Forms? Yes ___ No ___ If yes, will all required 1099 Forms be filed? Yes ___ No ___
Property Type (see codes above)
Address of Property
Fair Rental Days vs. Personal Days
De Minimis Safe Harbor
Tax Elections:
Small Taxpayer
vs.
vs.
vs.
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Rental Income
Other Income
Rental Expenses:
(office use only)
Advertising
Auto
Cleaning and Maintenance
Insurance
Legal & Accounting
Interest – Banks
Interest - Other
Repairs
Supplies
Taxes - Real Estate
Utilities
Depreciation
(office use only)
Net Income / (Loss)
Capital Expenditures:
Description
Date
Purchased
New or
Used
Property Type (see codes above)
Address of Property
Fair Rental Days vs. Personal Days
De Minimis Safe Harbor
Tax Elections:
Small Taxpayer
vs.
vs.
vs.
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Rental Income
Other Income
Rental Expenses:
(office use only)
Advertising
Auto
Cleaning and Maintenance
Insurance
Legal & Accounting
Interest – Banks
Interest - Other
Repairs
Supplies
Taxes - Real Estate
Utilities
Depreciation
(office use only)
Net Income / (Loss)
Capital Expenditures:
Description
Date
Purchased
New or
Used
Wisconsin Only: Subtraction for 20% Depreciation Basis Adj. $ __________