Keeping records on expenses for tax purposes
All,
Quick question... Building a spreadsheet of all my expenditures for my rental property. What kind of data does the IRS want to see if I ever get audited? I assume a list of the expenditures with dates, I also assume I have to have a receipt for every last thing, what about driving miles to and from the location? How do I prove that? Is there good software out there that captures this for you?