Rental income and expenses; IRS publication

[Yuriy Skripnichenko]

Hi all,

I came across this IRS publication with detailed explanation on to how to treat expenses for your rental property. Including depreciation and including rental of vacation homes. 

Here is the link https://www.irs.gov/pub/irs-pdf/p527.pdf

I think every buy and hold investor should know it and this publication is a good guideline before you go to your accountant with numbers.