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Investors & landlords
The answer about deductions said something like "you can write off the fee for the site of a mobile home, including utilities, as long as those are not included in the fee," or something like that.
So what if the rental agreement says $1500 per month for the site AND then utilities--which are paid at the same time to the same landlord and part of the same agreement? Do I lose the entire write off or just subtract the utilities? I live in California but am mostly interested in the answer for the IRS. Thanks
‎July 22, 2020
3:32 PM