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Jul 7, 2024
9:42
:42
am
Bainge
Playmaker
Anything that you pay for on behalf of your tenants that they don't reimburse
you for counts as an expense against the rental income, so this would be included in that.
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Bainge
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Bainge
Joined
Oct 20, 2009
Last login
Oct 5, 2024
Total posts
1,478 (2 FO)
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Messages
Author
Time
Rental Property Tax Deduction Question
Zombre
Jul 7, 8:50am
Like, all $15 of it?
NanoFab Coug
Jul 7, 8:52am
I buy 4 or 5 bags at a time along with air filters for the furnace. Probably $85
Zombre
Jul 7, 8:53am
It’s a legitimate expense for your rental. No problem deducting that.
LaserCoug
Jul 7, 8:55am
Thanks!
Zombre
Jul 7, 9:06am
Do you do your own taxes? Or is this the first Tax year owning a Rental?
JohnnyC
Jul 7, 8:59am
this will be the first tax year
Zombre
Jul 7, 9:06am
I would suggest hiring one….they will be able to identify all the cash and
JohnnyC
Jul 7, 9:15am
Yeah, legitimate deduction.
citron
Jul 7, 9:05am
Deduct everything. When in doubt, deduct
Cougrrrs Roll
Jul 7, 9:31am
Anything that you pay for on behalf of your tenants that they don't reimburse
Bainge
Jul 7, 9:42am
You can also deduct replacing carpet and repairing garage doors.
ToasterChive
Jul 7, 9:47am
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