Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

1,274
Posts
227
Votes
Mary Jay
  • Glendale, AZ
227
Votes |
1,274
Posts

Only invoices work for tax deductions?

Mary Jay
  • Glendale, AZ
Posted

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

User Stats

3,741
Posts
4,492
Votes
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,492
Votes |
3,741
Posts
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

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).

business profile image
Kolodij Tax & Consulting

Loading replies...