What it is
Rental clients have many small items per property. A worksheet by property keeps income and costs apart, so the return and the depreciation schedule are right.
This organizer lists each property, rents and costs by property, improvements, sales and conversions, carried-over losses and payments to contractors.
When to use it
- Clients with one or more rental properties.
- When a client buys, sells or converts a property.
- When a property manager changes.
What’s inside
- Property table with days rented and days of personal use
- Income and expense tables for three properties
- Improvement and major component questions
- Passive loss carryover, entity ownership and contractor questions
Standard cited
This template follows Schedule E. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
Why ask for days of personal use?
Personal use of a rental can limit the deductions. The preparer needs the days to apply the rules.
Why collect closing statements?
A purchase or sale needs the settlement statement for basis, costs and the gain or loss.
Can I add more than three properties?
Yes. Copy the income and expense tables for additional properties.
Related templates
- Individual Tax Organizer: Employee and Investor
- Fixed Asset Register with Book and MACRS Depreciation
- Real Estate Straight-Line Rent Schedule (Lessor)
- Individual Tax Return Review Checklist
Last updated 11/06/2026. All free templates.