We own ten rental units (mobile homes) and charge X amount in rent, but then we ourselves pay 145 dollars to the owner of the mobile home park for lot rent. Can we use this as a deduction on our income tax return?
2007-03-03 03:32:14 · 5 answers · asked by DawnK25 1 in Business & Finance ➔ Taxes ➔ United States
Yes, if the rental/lease you pay is in direct correlation to the rental properties. If you are paying for lot rent for your residence then no.
good luck & bless
2007-03-03 03:40:09 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
2
2016-07-19 08:04:17 · answer #2 · answered by ? 3 · 0⤊ 0⤋
you state you have no longer any record of her professional rata proportion of the lease and utilities you apart from mght state you probably did no longer have an agreed set volume for lease, for this reason you probably did no longer have a apartment difficulty, you had a 'proportion' affiliation had you had some style of contract, which you may desire to memorialize in a written sort, if she rented basically the room, the %of the room area to the finished finished may be the quantity you may desire to declare for expenditures or if there have been 3 of you sharing the expenditures of the place of abode, you may confirm what a million/3 of the full could volume to and have a written contract to that consequence till she greater desirable your expenditures heavily it could look you won't be able to declare something
2016-09-30 03:46:13 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Rent To Own Homes - http://RentToOwnHome.uzaev.com/?Exhf
2016-07-13 07:23:53 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Yes because it is an expense for running your business.
2007-03-03 03:44:51 · answer #5 · answered by elaeblue 7 · 0⤊ 0⤋