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Get your taxes done using TurboTax
1) Closing cost (settlement cost) of the purchased property added to the cost basis for the depreciation (which you MUST take)
2) Miscellaneous expenses (please let me know what other expenses a landlord can charge - what you have seen in majority of cases) You need to educate yourself ... start with the IRS Pub 527 : https://www.irs.gov/businesses/small-businesses-self-employed/rental-income-and-expenses-real-estate...
‎September 21, 2022
2:49 PM