I use expenses because it gives me a greater deduction.

If she is breaking her lease even with your approval, I wouldn't prorate the rent on the move out.I would assume that if you have no documentation regarding the condition of the property when she moved in, it would be difficult to charge/deduct for any damages.

You can close with some amount to be put in escrow, with a deduct of some amount for every day the old tenant is still there, and for any damages caused.

Tenants seem to always wreck them, but you just replace them and deduct it from their security deposti.I've switched to using those Kwikset locks where you can easily change the keys.

Much of it would be directly deducted as it is not something that improves the useful life.

Originally posted by Zach Staruch: Hi Dan - as far as I know, whoever makes the payments gets the deduction.

All costs associated with the upkeep and improvement of the property can be deducted in the case of an investment property.

I originally started advertising on my Dodge truck solely for deduction reasons.

When the property is vacant, I would deduct a portion of the cost incurred from the ejectment, only if it's much more than what I estimate.

If it's immediate you deduct off the purchase price.