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June 12, 2024
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Can lot rent paid to a mobile home park owner be deducted

  • June 12, 2024
  • 1 reply
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Looking to purchase a mobile home as an investor in NY to rent to someone else,  can I deduct lot rent paid to a mobile home park ?

    Best answer by Mike9241

    For rental property the ground rent would be deductible but you are subject to rules that vary based on how you rent it out

     

    https://accountants.intuit.com/community/tax-talk/discussion/mobile-home-park-rv-campground-schedule-c-or-schedule-e/00/64425 

     

     

     

    1 reply

    Mike9241Answer
    June 12, 2024

    For rental property the ground rent would be deductible but you are subject to rules that vary based on how you rent it out

     

    https://accountants.intuit.com/community/tax-talk/discussion/mobile-home-park-rv-campground-schedule-c-or-schedule-e/00/64425