Can I claim rental expenses?

In general, if you receive income from the rental of a dwelling unit, such as a house, apartment, or duplex, you can deduct certain expenses.

Besides knowing which expenses may be deductible, it’s important to understand potential limitations on the amounts of rental expenses that you can deduct in a tax year.

There are several types of limitations that may apply.

Not-for-profit activities

Rental of a dwelling unit (for profit)

Passive activity losses

At-risk rules

The at-risk rules limit your losses from most activities to your amount at risk in the activity.

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