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April 15, 2023
Question

I have a vacation home that I rent out more than 14 days per year. I lease the land. Is the lease considered an expense? If so, what category does it go under?

  • April 15, 2023
  • 1 reply
  • 0 views
Does it go under Maintenance similar to HOA fees?

1 reply

April 16, 2023

You can deduct the lease expense. You should set up a miscellaneous expense and call it land lease.

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