A hand held magnetic test panel holder that will attach metal or paper test panels magnetically, and will magnetically attach to a metal wall or surface. Its main body is formed to provide a handle and an extension to provide space to hold a test panel at a distance to paint a test panel without the paint coming in contact with the user's hand. This hand held magnetic test panel holder holds a metal clip board with its magnet, which in turn will hold a paper test panel. The user will paint the test panel with a paint spraying device with one hand, and hold the hand held magnetic test panel holder with the other hand. When not in use, the device will magnetically attach to a metal wall for storage and when paint is in the drying process.