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Cazavera
Private Residential Asset Management Statement
Annual Rental Income & Expense Statement
Fiscal Year 2026 (January 1 – December 31, 2026) · Owner: Alex Demo (Demo Properties LLC)
Executive Summary
Gross collected rent
$35,893.00
Deductible expenses
$9,101.00
Net operating income
$26,792.00
Capital improvements (depreciate)
$8,500.00
Tax Preparation Reference — Schedule E (Form 1040)
The amounts below map directly to Schedule E lines. If you use TurboTax or H&R Block, enter each line total in the matching field. Consult a qualified CPA to confirm classification before filing.
| Schedule E line | Amount | Enter in TurboTax as |
|---|---|---|
| Rents received (Line 3) | $35,893.00 | Rental income |
| Insurance (Line 9) | $3,000.00 | Line 9 |
| Real Estate Taxes (Line 16) | $2,840.00 | Line 16 |
| Repairs (Line 14) | $980.00 | Line 14 |
| Cleaning and Maintenance (Line 7) | $900.00 | Line 7 |
| HOA / Association Dues (Line 19 (Other)) | $480.00 | Line 19 (Other) |
| Legal and Professional Fees (Line 10) | $450.00 | Line 10 |
| Supplies (Line 15) | $309.00 | Line 15 |
| Utilities (Line 17) | $142.00 | Line 17 |
| Net operating income (Line 21) | $26,792.00 | Net rental income/loss |
Capital improvements are not included above. They are listed separately below and must be entered as depreciable assets in your tax software, not as expenses.
123 Maple St
123 Maple Street, San Jose, CA
Scheduled rent
$39,000.00
Collected rent
$19,500.00
Net operating income
$13,849.00
Rental income
| Tenant | Lease term | Monthly rent | Total collected |
|---|---|---|---|
| Sarah & David Chen | Sep 1, 2022 – Aug 31, 2026 | $3,250.00 | $19,500.00 |
| Total rental revenue | $19,500.00 | ||
Deductible expenses — enter on Schedule E
| Category | Schedule E line | Amount |
|---|---|---|
| Real Estate Taxes | Line 16 | $2,840.00 |
| Insurance | Line 9 | $1,200.00 |
| Repairs | Line 14 | $705.00 |
| Legal and Professional Fees | Line 10 | $450.00 |
| Cleaning and Maintenance | Line 7 | $220.00 |
| Utilities | Line 17 | $142.00 |
| Supplies | Line 15 | $94.00 |
| Total deductible expenses | $5,651.00 | |
Capital improvements — do NOT deduct, enter as assets
These costs replaced or significantly upgraded something. They are not deducted this year. In TurboTax, enter each one under Rental Property Assets → Add an Asset with the date placed in service and cost. Your tax software calculates annual depreciation automatically.
| Date | Description | Vendor | Amount |
|---|---|---|---|
| Apr 18, 2026 | Panel upgrade | Bay Area Electric | $8,500.00 |
| Total capital improvements | $8,500.00 | ||
456 Ocean Ave
456 Ocean Avenue, Unit 2B, Santa Cruz, CA
Scheduled rent
$0.00
Collected rent
$16,393.00
Net operating income
$12,943.00
Rental income
| Tenant | Lease term | Monthly rent | Total collected |
|---|---|---|---|
| Total rental revenue | $16,393.00 | ||
Deductible expenses — enter on Schedule E
| Category | Schedule E line | Amount |
|---|---|---|
| Insurance | Line 9 | $1,800.00 |
| Cleaning and Maintenance | Line 7 | $680.00 |
| HOA / Association Dues | Line 19 (Other) | $480.00 |
| Repairs | Line 14 | $275.00 |
| Supplies | Line 15 | $215.00 |
| Total deductible expenses | $3,450.00 | |