Contact UsQuestion is about a rental business expense for which I have invoices from company A. This is paid by property manager who gets statement from company A with charges for multiple properties, including mine and pays it lump sum. This means my invoice does not match check paid to company A.
But rather mine invoices are smaller dollar amount than payment to company A. Would there be a problem with deducting this expense if payment to vendor does not match my invoice or is it okay to do so with notation of explanation in my records?
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Tax Professional Answers
John Stancil
There is no problem taking a deduction that does not match the invoice, but you must be able to prove the amount you paid, either through a check or a deduction from your proceeds by the property manager.
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416 weeks ago