Can I deduct the down payment amount for a rental house purchase as a business expense for my surveying sole proprietorship if the money came out of my surveying income?

mtwhitney · ‎June 3, 2019

AlanT · ‎June 3, 2019

Unfortunately, you cannot deduct the downpayment for your rental house purchase. However, you can expense (depreciate) the cost of your property, which would include your down payment over 27.5 years for a rental property.

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AlanT · ‎June 3, 2019

Unfortunately, you cannot deduct the downpayment for your rental house purchase. However, you can expense (depreciate) the cost of your property, which would include your down payment over 27.5 years for a rental property.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can I deduct the down payment amount for a rental house purchase as a business expense for my surveying sole proprietorship if the money came out of my surveying income?