What are best tax deductions for rentals?

[lamirada]

Besides the home office, any suggestions for tax deductions for rentals?

[CarolynM · Accepted solution]

The most common deductions for rental property are:

Mortgage interest

Property taxes

Operating expenses such as utilities and landscape

Depreciation

Repairs

Management fees such as commissions, advertising and legal fees

As a business, tax preparation can be deducted as well

For more information, follow this link: 

https://www.irs.gov/businesses/small-businesses-self-employed/tips-on-rental-real-estate-income-dedu...