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Updated about 3 years ago,
Are expenses on short term rentals tax deductible
Say if we had a short term rental in Hawaii and were using a property manager to manage it for us which cost us ~$200/month. And we had to replace a dishwasher for $500 in 2021.
Would the $2400 ($200 * 12) + $500 = $2900 be tax deductible against my W2 earned income in 2021?