Which of the following expense items is(are)deductible as rental expense for a rental property?
A)Travel related to the property
B)Management fees
C)Repairs and maintenance
D)All are deductible expenses

Question

Quizplus · Accepted Answer

All of the listed expenses (travel related to the property, management fees, and repairs and maintenance) are deductible as rental expenses for a rental property. Additionally, other expenses such as property taxes, utilities, insurance, and mortgage interest are also deductible. However, it is important to note that there may be certain limitations and restrictions on deductibility, so it is best to consult with a tax professional for specific guidance.

Which of the Following Expense Items Is(are)deductible as Rental Expense