Get your taxes done using TurboTax

Yes you can deduct the same things you deducted before. It's easy to qualify as an Active Participant, all you have to do is keep records of your rental income and expenses, and be responsible for decisions about maintenance, repairs, lawn care, etc. You should be paying property taxes and insurance directly, not through the management Co., so you can easily get those deductions as well. You don't have to be responsible for collecting rent, advertising, legal stuff, etc. 

 

Some of the other things that are deductible:

1. Visiting your property - mileage

2. Copying, mailing, supplies you need at home to manage your property

3. Property bills for gas, water, electric that you pay. (You can't deduct these if the tenants are paying those bills).

4. Costs for property security