Operating Expenses
You can deduct most expenses related to managing your rental property, including:
  • Mortgage interest
  • Property taxes
  • Insurance
  • Repairs and maintenance
  • Property management fees
  • Legal/accounting fees
  • Utilities (if you pay them)
NOTE: Please keep meticulous record at least monthly. I can tell you from experience, trying to go back a year and a half after the fact an identify deductions is a huge pain and leaves deductions uncounted.
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George Sperry Jr
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Operating Expenses
Junior Varsity Teammates | TCC
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Unlimited legal, funding, operations, and tax support group that meets weekly to discuss strategy, roadblocks, and current bottlenecks in real estate.
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