Can I deduct Rental Property Expenses in my personal return if the property I own is Commercial? - commercial office rental
I own a commercial office suite, which I rent.
If the expenses such as mortgage interest, taxes, insurance, repairs, deductible on my personal statement, as in the case of a residential rental-property?
I find no reference to decuting cost of renting a commercial property in personal income, anywhere on the website of the IRS.
Thursday, January 7, 2010
Commercial Office Rental Can I Deduct Rental Property Expenses In My Personal Return If The Property I Own Is Commercial?
2 comments:
Yes, and the profit and loss account.
Yes, but you should contact the IRS by telephone and verify and confirm the necessary forms you need. Also check with a tax professional.
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