Your Tax Command Center

Track expenses, mileage, active hours, and deductions — organized and CPA-ready. Everything your tax professional needs, in one place.

0 hours

Active Participant Status

Track your hours toward the material participation threshold
0 / 100 hours 0%
Log Hours →
Total Income $0
Expenses $0
Property Costs $0 Mortgage + Tax + Insurance
Mileage $0
Employee Wages $0
Depreciation $0
Home Office $0 Not configured
Cost Seg $0 Bonus Depreciation
Schedule C Net $0 (Income minus Deductions)

Tax Impact

Monthly Spending

Deductions Tracked

View Full Checklist →
12/17
12 of 17 deduction categories tracked Add missing categories to maximize your write-offs

Schedule C Summary

Tax Year 2026
Total Income $0
Nights Booked 0
Total Stays 0
Avg per Night $0

Income by Platform

Enter your annual income totals from each platform. Upload the PDF reports to keep everything in one place.

Airbnb
$
VRBO
$
Hospitable
$
Direct Bookings
$
Other
$
Total Income $0
Total Nights 0
Total Stays 0
Avg/Night $0

Income Entries

Date Description Source Amount
2026 $0 0 expenses
Change 0% $0

Category Breakdown

Recent Expenses

Date Description Category Vendor Amount Receipt Actions

Your largest fixed deductions. These come from your 1098 and insurance statements — not your credit card.

Mortgage Interest

$
Find this on your 1098 Form, Box 1 from your lender

Property Insurance

$
Include STR insurance, homeowners, and any umbrella policies for this property

Property Taxes

$
Find this on your 1098 Form, Box 10 or your county tax statement

Closing Costs (Acquisition)

One-time costs when you purchased the property. Some are deductible, others add to your cost basis.

$
Closing Statement Section 800 - Loan origination fee, points
$
Closing Statement Section 1100 - Title insurance premium
$
Closing Statement Section 1200 - Recording fees, transfer taxes
$
Appraisal, inspection, attorney fees, etc.
Total Closing Costs $0

The Big 3 Summary

Mortgage Interest $0
Insurance $0
Property Taxes $0
Total Annual Costs $0

Enter Total Hours

This drives your IRS qualification status
hrs

Enter your total active hours for the selected year. This is the number that drives your IRS qualification status and shows on your CPA report.

2025 Tax Prep
0 hours
0 / 100 hours
2026 Tracking
0 hours
0 / 100 hours

Active Participant Qualification: 100+ hours AND more hours than anyone else on the property

00:00:00 Not tracking
Your Hours 0
Leading
Total All People 0
Time Entries 0

Hours by Person

Time Log

Date Property Person Activity Duration Notes Actions

Photo Evidence Review

0 photos 0% of entries have photos

Photo evidence strengthens your IRS audit protection. Attach photos to time entries showing your active participation.

Recommended Photo Evidence

Property inspections & walkthroughs
Maintenance & repair work
Cleaning verification
Supply purchases & receipts
Screenshots of guest messages
Listing updates & improvements

Hours by Property

Total Miles 0
Total Deduction $0
Trips 0
IRS Rate (2025/26) $0.725/mi

Vehicles

Vehicle Business Use %

Date Purpose Vehicle Distance Deduction Actions
Total Employees 0
Total Wages Paid $0
Family Members 0
Tax Deduction $0

Team Members

Payment History

Date Employee Amount Work Performed Actions

Tax Summary by Employee

Employee Relationship YTD Wages Under Exclusion? 1099 Required?

Profit & Loss Statement

My Property

Category Breakdown

Monthly Trend

Year-to-Date Summary

Deductions Coverage

Schedule C Summary

Tax Year 2026

Tax Liability Estimate

Deductions Checklist

Total Assets 0
Total Cost Basis $0
Annual Depreciation $0
Accumulated $0

Track depreciable assets like appliances, furniture, improvements, and the building itself. Each asset depreciates over its IRS recovery period. This is separate from Cost Segregation, which accelerates depreciation through a professional study. Consult your CPA for proper classification.

Depreciable Assets

Asset Category Date Placed Cost Basis IRS Life Annual Depr. Remaining

What is Cost Segregation?

Cost segregation accelerates depreciation on your rental property, creating larger tax deductions in earlier years. A cost seg study identifies components (appliances, flooring, fixtures) that can be depreciated over 5-15 years instead of 27.5 years.

Bonus Depreciation (OBBBA): 100% of eligible components placed in service after January 19, 2025 can be deducted in Year 1. Consult your CPA for details.

Your Bonus Depreciation

$
Enter the bonus depreciation amount from your cost seg study
Current Bonus Depreciation $0
Estimated Tax Savings $0

Cost Seg Study Documents

Your home office deduction is reported on one Schedule C. Choose the property/LLC this deduction applies to.
Home Office Deduction $0.00
Method Simplified

Choose Your Method

The IRS allows two methods. You can switch between them each tax year.

📐 Simplified Method
$5 per sq ft of office space. Max 300 sq ft = $1,500. No receipts needed.
🧾 Actual Expense Method
Calculate actual home expenses × business use %. Often higher, requires documentation.

Office Space

Enter the square footage of your dedicated home office space. The IRS allows $5 per sq ft, up to 300 sq ft ($1,500 max).

sq ft
Max 300 sq ft. Measure the area used regularly and exclusively for business.
Enter your office square footage above

IRS Requirements: Your home office must be used regularly and exclusively for business. A dedicated room or clearly defined workspace qualifies. A kitchen table used for personal meals does not. The simplified method doesn't require depreciation recapture when you sell — the actual method does. Consult your CPA for guidance specific to your situation.