Rental Expenses

1 Are my prior years disallowed passive losses lost when I sold my rental property this year? 2 Are my rental losses fully deductible? 3 Are the costs for improving and repairing my house deductible? 4 Are the costs of buying and installing my burglar and smoke alarms deductible? 5 Are the Lawyer fees I paid at my residence property closing deductible? 6 Are the legal fees I paid to evict a tenant from my rental property deductible? 7 Are the total closing costs I paid when I purchased my house deductible? 8 Are the travel costs I incur to monitor my rental property deductible? 9 As a Minister , is the rental allowance I receive taxable to me ? 10 As a Rabbi , is the rental allowance I receive taxable to me ? 11 Can I deduct all the fees I paid at my house closing as deductible points? 12 Can I deduct the cost of my trip to look at a rental property upstate? 13 Can I exchange U.S. real estate for real estate in a foreign country tax free? 14 Depreciation - Residence 15 Does the cost of putting a new roof on my rental property a deductible repair ? 16 I rent my home out for two weeks each year. Do I have to show the rental income on my tax return ? 17 Is the advanced rental income I received reportable in the current year? 18 Is the amount I pay for maintenance on my timeshare deductible ? 19 Is the amount I pay for rent deductible ? 20 Is the cost of Land depreciable ? 21 Is the net income from my rental property subject to Self-Employment tax ? 22 Is the rental income I received for renting my home for 10 days taxable? 23 Is the security deposit I received on my rental property taxable in the current year? 24 Is the sewer assessment I received on my rental property deductible? 25 Rental Properties - What is Active Participation ? 26 What is the adjusted basis of my rental property?

Need Professional Help?

If you need help with "Rental Expenses" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.