I have a not-for-profit rental. I had a deck added to the property which cost more than the rental income I received. Can I deduct it all under expenses?

[Anita01 · Accepted solution]

No, expenses are only deductible up to the amount of rental income on a not-for-profit.  It sounds like your deck addition should be a depreciable asset, not an expense.  It should be depreciated at the same rate as the rental property.

[joannegrove1]

So - there is not a depreciation schedule because Schedule E has been deleted.  Have I don something wrong?  If there is not a Schedule E, the depreciation schedule is no longer part of the tax return, right?  Even without the depreciation, I have expenses equal to the income received.