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Which category of deductions should short term rental license expense go under for my rental?

Under which category should I include the deduction of short term rental license fees for my vacation rental property?
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3 Replies
PattiF
Expert Alumni

Which category of deductions should short term rental license expense go under for my rental?

The expense for the short-term rental license would go in the category of Legal and other professional fees. 

 

Please see this TurboTax Help article for more information about rental expenses.

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Jessikksd
New Member

Which category of deductions should short term rental license expense go under for my rental?

Thank you! How about third party software fees for managing a short term rental property - would this be best under management fees or legal and professional fees?

PattiF
Expert Alumni

Which category of deductions should short term rental license expense go under for my rental?

Third-party software fees for managing a short-term rental property would be best under the Management fees category.

 

Please see this TurboTax Tips about short-term rentals.

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