{"id":369261,"date":"2016-04-04T10:47:19","date_gmt":"2016-04-04T15:47:19","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/landlord-tenant-law\/tax-deductions-for-landlord-responsibilities.html"},"modified":"2024-02-04T17:33:22","modified_gmt":"2024-02-04T22:33:22","slug":"tax-deductions-for-landlord-responsibilities","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/landlord-tenant-law\/tax-deductions-for-landlord-responsibilities.html","title":{"rendered":"Tax Deductions for Landlord Responsibilities"},"content":{"rendered":"\n
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Tax Deductions for Landlord Responsibilities<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Robert Rafii, Esq.<\/a>\n | Last updated\n
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Besides providing a tenant with habitable premises<\/a>, a landlord must also meet financial responsibilities. Like any other self-employed business, renting a property requires a landlord to pay taxes on the yearly rental income. A landlord can reduce income tax responsibilities by taking deductions for the cost of doing business. The IRS allows a landlord to deduct operating expenses from their Schedule E reported income<\/a>. An operating expense<\/a> qualifies under the tax code if:<\/p>\r\n