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Jun 30, 2011
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Tax Deductions For Rentals
by: Anonymous

When you have a rental you have to file a federal form schedule E. On this form you will have to claim any rental income you received for the year, but you can also deduct all expenses you paid for the rental including things such as:

Advertising
Auto
Gardening
Garbage
Maintenance
Commissions
Mortgage Interest
Real Estate Taxes
Insurance
Repairs
Improvements

You also get an addtional depreciation deduction on the cost of the building, so there are many tax deductions for rentals.

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