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J
jessikksd-icloud
February 19, 2023
Question

Which category of deductions should short term rental license expense go under for my rental?

  • February 19, 2023
  • 1 reply
  • 0 views
Under which category should I include the deduction of short term rental license fees for my vacation rental property?

1 reply

P
PattiF
February 19, 2023

The expense for the short-term rental license would go in the category of Legal and other professional fees. 

 

Please see this TurboTax Help article for more information about rental expenses.

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J
Jessikksd
February 20, 2023

Thank you! How about third party software fees for managing a short term rental property - would this be best under management fees or legal and professional fees?

P
PattiF
February 21, 2023

Third-party software fees for managing a short-term rental property would be best under the Management fees category.

 

Please see this TurboTax Tips about short-term rentals.

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