Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on .
Most recent reply
presented by

Only invoices work for tax deductions?
Is it true that if I wanted to write off an expense I have to have an invoice?
I’ve always used the receipts that the handymen give me or my bank statements.
Someone told me that the irs won’t accept that as a documentation because it has to be an invoice. Is it true?
Most Popular Reply

- Tax Strategist| National Tax Educator| Accepting New Clients
- 4,492
- Votes |
- 3,741
- Posts
Just to elaborate on what other pros noted
You don't technically need either for something to be deductible
But if Audited- you have to prove:
- Something what was necessarily business epense
-You paid that expense
Of the two I'd almost say Invoice > receipt.
A receipt shows payment but you can also get that from your bank/credit card statement.
An invoice shows what you bought - you can't get that anywhere else (depenidng on the company).
