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+--- Thread: Tax deduction for road fees (/showthread.php?tid=8761)
Tax deduction for road fees - akkid65 - 04-15-2011
Can we deduct the road maintainace fees on our income tax? I have a lot in HPP.
RE: Tax deduction for road fees - mikewj - 04-15-2011
My tax person said that I could deduct the road fee on my full time rental, but not on my residential lot. Any other opinions? I'm up for saving $$ if it's possible (and legal)
RE: Tax deduction for road fees - John S. Rabi - 04-15-2011
If it's an investment property than all your expenses are tax deductible.
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
RE: Tax deduction for road fees - John S. Rabi - 04-15-2011
quote:Give your business to a better tax person! [
Originally posted by mikewj
My tax person said that I could deduct the road fee on my full time rental, but not on my residential lot. Any other opinions? I'm up for saving $$ if it's possible (and legal)
][][]Edited for clarification: the road fee is tax deductible.
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
(This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
RE: Tax deduction for road fees - akkid65 - 04-16-2011
Thanx for the info
