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Updated about 11 years ago on . Most recent reply

User Stats

107
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26
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Mike Jones
  • Flipper Mostly
  • Redwood City, CA
26
Votes |
107
Posts

Cost of Permits deductable?

Mike Jones
  • Flipper Mostly
  • Redwood City, CA
Posted

Is the cost of paying for a city permit deductible in your taxes?

Most Popular Reply

User Stats

1,727
Posts
837
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Dave Toelkes
  • Investor
  • Pawleys Island, SC
837
Votes |
1,727
Posts
Dave Toelkes
  • Investor
  • Pawleys Island, SC
Replied

On my Schedule E, I use the "Other" expenses line. I enter "Rental license fee" on the blank line, then enter the amount. Been doing it this way for the past 17 years, and have never had a problem.

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