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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
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Can I write off expenses related to land only rentals

Resolved Question:

Can I write off expenses related to land only rentals? I own the land and allow others to use to live on
Submitted: 8 years ago.
Category: Tax
Expert:  Lev replied 8 years ago.

As you have income from the rental activity - both income and expenses should be reported on the schedule E - - so - yes - you may deduct your qualified rental expenses.

Your net income/loss will be reported on the form 1040 line 17 -

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