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Level 2
June 3, 2019
Question

What deductions can I write off at 100 Percent on rental property ? Does it have to be taken as a depreciation over a certain amount of years. I won't live that long.

  • June 3, 2019
  • 3 replies
  • 39 views
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3 replies

Level 12
June 3, 2019

The following rental expenses can be fully deductible in the year paid:

  • Advertising
  • Cleaning and maintenance
  • Commissions
  • Homeowner association dues and condo fees
  • Insurance premiums
  • Interest expense
  • Local property taxes
  • Management fees
  • Pest control
  • Professional fees
  • Rental of equipment
  • Rents you paid to others
  • Repairs
  • Supplies
  • Trash removal fees
  • Travel expenses
  • Utilities
  • Yard maintenance


Level 2
June 3, 2019
The "Rent Paid to Others"  . What does this mean, would the RV Space Rent I paid for two months while cleaning up a hoarding rental house we own .. would this qualify under that item number?