Tax deduction for road fees

[akkid65]

Can we deduct the road maintainace fees on our income tax? I have a lot in HPP.

[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)

[John S. Rabi]

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)

[John S. Rabi]

quote:

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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)

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Give your business to a better tax person! [][][]
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)

[akkid65]

Thanx for the info