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New Member
posted Jun 4, 2019 11:06:31 PM

I have a rental is it better to use my registration fees in this section or under deductions and credits?

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1 Best answer
Level 1
Jun 4, 2019 11:06:33 PM

If the registration fees pertained to your rental business, it is better to put them there.

There are fewer personal itemized deductions under the new tax law, and if they qualify as business expenses, it is in your best interest to claim them as such.

For more information on rental income tax deductions, follow this link:Tips on Rental Real Estate

2 Replies
Level 1
Jun 4, 2019 11:06:33 PM

If the registration fees pertained to your rental business, it is better to put them there.

There are fewer personal itemized deductions under the new tax law, and if they qualify as business expenses, it is in your best interest to claim them as such.

For more information on rental income tax deductions, follow this link:Tips on Rental Real Estate

New Member
Jun 4, 2019 11:06:34 PM

As I continued with my return, I found the fewer personal deductions you mentioned, so had already kind of found my answer.  However, I definitely appreciate any advice from a taxpro.  Thanks.