Have a Tax Question? Ask a Tax Expert
Hello, my name isXXXXX & I'll be helping you today. My goal is to give you a complete & accurate answer that you can understand.
If you paid the bill in 2013, you can deduct the expense in 2013.
Great. Thanks. That's all I needed to know !
Further, if this was related to your rental property, and it is to your benefit, you may want to claim most of the expense as an expense in your rental property.
If not, please remember to rate my response as that is the only way we get credit for our answers.
If you need to contact me again with any tax or financial questions, you can just ask for "Steve G" at the beginning of your question. Thanks again for using us for your tax and financial questions. You may get a short survey from the site; if it isn't too much trouble I would appreciate it if you would answer it; the survey results are used to rate our performance;
Is there any significant difference (benefit) over including this in rental expenses over standard tax prep deduction ?
Well, it would depend upon other factors in your tax return that may depend upon the level of itemized deductions.