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Investors & landlords
All rental expenses are claimed. Period. Weather they're deductible or not, depends on if you have the rental income from which you deduct them.
Remember, rental income and rental expenses are passive. You can only deduct your rental expenses from that passive rental income. Once that gets your taxable rental income to zero, the remainder is carried over to the next year.
Remember, rental income and rental expenses are passive. You can only deduct your rental expenses from that passive rental income. Once that gets your taxable rental income to zero, the remainder is carried over to the next year.
‎June 5, 2019
11:17 PM