2007-03-18 17:55:56 · 6 answers · asked by chefjoezieger 4 in Business & Finance ➔ Taxes ➔ United States
Tree removal is a reasonable and necessary expense to maintain the property so it is deductible on Schedule E.
2007-03-19 02:30:16 · answer #1 · answered by jks_mi 3 · 0⤊ 0⤋
Grey area! Is it an improvement to the property or repairs and maintenance? It's deductible, but you might have an uphill battle on this one. It would be a good year to have a professional prepare your return so that they can represent you in case of an audit.
2007-03-18 18:07:21 · answer #2 · answered by Scott K 7 · 0⤊ 1⤋
if this is an out of pocket cost and you are the landlord. Yes.
This is a maintenance and repair expense, completely deductible in your Schedule C.
2007-03-18 17:58:40 · answer #3 · answered by Iomegan 4 · 0⤊ 1⤋
Yes.
2007-03-19 02:14:44 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋
show it as maintance expense to reduce property income.
2007-03-18 17:59:22 · answer #5 · answered by Great Grandma 3 · 0⤊ 0⤋
Sounds like a business expense to me but I'm not the IRS ,
Shouldn't you ask them ?
http://www.irs.gov/
2007-03-18 18:05:15 · answer #6 · answered by kate 7 · 0⤊ 2⤋