Perhaps you rented out a property for the first time last year? Maybe you bought a student apartment for your child, or perhaps you rented out a house that you couldn't sell?

Now the tax return is due, and you are a bit worried about whether you are doing everything correctly.
Not only to avoid any issues, but also to ensure you don't miss out on the tax benefits your rental property provides.‍

How can you prepare?

You can start preparing now by gathering various documents. Even though the tax authorities can retrieve many figures electronically, there are some you should check yourself, and others that they do not have access to.

You need to locate these documents yourself to ensure you have the correct figures for your tax return regarding your residential rental:

• A bank account statement
• The annual statement from your mortgage lender
• The financial statement from your homeowners' association
• Documentation of property taxes
• A utility statement
• Rental agreement
• Annual statement regarding any other debt

In some cases, you will need these documents:

• For maintenance: Receipts for expenses
• For improvements: Receipts for expenses
• For change of tenant: Deposit statement
• For sales: Documentation of sales price and selling costs

Still feeling a bit overwhelmed?

If you are still worried about whether you have everything covered, you can benefit from purchasing access to Reportability. Our online tool helps you reach the finish line safely, securely, and easily!

Reportability doesn't just help you calculate the correct figures; we also tell you which boxes to enter them into on your tax return. We have already helped many residential landlords with their annual tax statements (and preliminary income assessments), and we would love to help you too, so that updating your tax return for the Danish Tax Agency feels easy, simple, and secure.

You are always welcome to call us for a chat about how we can help you, and you can also reach us via chat. You can always try the free demo with your own figures before purchasing access to Reportability.

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