What documentation must I submit to show that a related entity interest or rental expense is deductible?
You are not required to submit specific documentation with your return (other than a properly completed Schedule RT where required) to substantiate a related entity interest or rental expense. However, you must maintain adequate documentation to substantiate your deductions. Specific evidence that adequately supports that a deduction is allowable will vary based on the facts and circumstances.
Related Questions
- Is there any alternative documentation that the Non Opt-In Entity (NOIE) can submit as proof of Pre-assigned Congestion Revenue Right (PCRR) eligibility, other than contracts, such as an affidavit?
- What documentation must the owner of a residential rental property submit to the assessor before the assessor is required to value the property in accordance with section 581-a?
- What documentation must I submit to show that a related entity interest or rental expense is deductible?
