Two of my tenants pay me directly for spectrum internet service every month. I pay the monthly spectrum bill. The total amount of the bill is $159.98. One tenant pays $50.00 and my 2nd tenant pays $79.99. I pay the remaining amount of $29.99. How do I claim these amounts on my taxes?
You'll need to sign in or create an account to connect with an expert.
You can add the amounts they pay you as income for the rental on Schedule E, then expense the same amount as Utilities.
You can add the amounts they pay you as income for the rental on Schedule E, then expense the same amount as Utilities.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gavynm11
New Member
jennifervphan
Level 1
DA248
Level 3
mrd01
New Member
mvparks
New Member