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We monthly pay monthly for water softner for our rental house is this deductable?
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May 31, 2019
9:30 PM
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Investors & landlords
Yes, you can deduct all ordinary and necessary expenses to support your rental property.
The IRS defines expense ordinary and necessary expenses this way:
An expense is ordinary if it is common and accepted in your industry
An expense is necessary if it is helpful and appropriate for your business
May 31, 2019
9:30 PM