Is the home warranty on my rental considered an expense? Tax deductible?
Question : Is the home warranty on my rental considered an expense? Tax deductible?
I have a 3 unit rental and I pay monthly for my a home warranty. For taxes can I write this off as an expense? How about the deductible payments that I use when its time for repairs? Any advise would help. Thanks!
Thanks so much Age of Reason. I agree, I am going to have a pro do it starting this year.
Thanks Tro
home warranty
Best answer:
Answer by tro
just like insurance
Yes of course It is an operating expense. Yes the deductible for repairs.
I think you should let a pro do your taxes. In your attempt to save a few hundred you are missing too many write offs.