What are the Rental property deductions for landlords?
Rental property deductions are IRS-approved expenses reducing taxable income landlords report on Schedule E. Deductible costs include mortgage interest, property taxes, insurance, repairs, advertising, management fees, and professional services. Capital improvements must be recovered through Depreciation and amortization over the asset's useful life. Mixed-use properties require allocation between personal and rental use. All costs require documentation to substantiate deductions during any IRS review. Net losses may be limited by passive activity rules based on income and participation level.
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