If I have a vacation rental property, can I deduct the interest, taxes, utilities, HOA, and management fees against the gross income?

[r-ctax2017]

I'm considering buying a resort home that would be rented through VRBO or a local management company. Can I deduct all of the "overhead" like utilities, cleaning, management, etc. as well as the interest and taxes against the income I receive? Thanks!

[Critter]

Depends ... are you going to use the home personally for any time period (including friends & family whom you don't charge) ?

[r-ctax2017]

Yes, that's part of the plan ... probably totaling 1 month/year of non-revenue use. Thanks for helping!

[The-Rose1 · Accepted solution]

Tax Topic 415 on the IRS website irs.gov provides the details and exceptions.  Generally, yes, you can deduct all of the expenses of maintaining the vacation rental property.  However, there are exceptions based on your personal use of the property - if you use it personally for more than 14 days a year or for more than 10% of the time you rent it there are some additional restrictions that apply to how much you can deduct. Your question did not indicate how much personal use you anticipated so I will not address the specifics,

[r-ctax2017]

Makes sense that it prorates ... I'll find the article and thanks a lot for your help!

[Critter]

Follow the interview screens carefully ... follow the vacation home dialogue.

[Anonymous]

see irs publication 527

https://www.irs.gov/pub/irs-pdf/p527.pdf

chapter 5.