I own a rental property in Oakland, CA where the City of Oakland requires all property owners who rent out their property to file and pay the initial $95.00 Registration Fee to obtain a business tax certificate. An annual tax is also assessed based on annual gross rental income at a rate of $13.95 per $1,000 of gross rental income before the Business Tax Certification is renewed each year. There is also an annual fee paid for the Rent Control program in the City.
For each of these fees, what tax deduction category do they belong to?
1) Business Tax Certificate - Initial $95 Registration Fee;
2) Business Tax Certificate - Annual tax on gross rental income ($13.95 per $1K of gross rents);
3) Annual fee for Rent Control Program
These fees are necessary to operate a rental property in Oakland.
