Is the deposit for setting up water service on a rental property deductible?

When I transferred the water account in my name, the city required to pay a deposit for setting up the service. Is the deposit considered an expense? Utility expense?

posted

Utility deposits are not considered an expense because you should get that money back in the future.

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can a deeded property in 2025. I am trying to sell it, it is vacant, always has been, no rental income ever, can I deduct property tax & where do I enter it on Ttax

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