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Investors & landlords
Yes, you can deduct those expenses if they are needed to operate your rentals. You are correct to enter a third of the total for each rental unless you also use it for personal use. If you do use it for personal use, subtract that amount out before dividing by three. Record how you arrived at the numbers in case you are asked in the future to substantiate your expense.
If you have other questions about this, ask in the comment section below.
‎June 3, 2019
10:43 AM