Is Lawn Care Tax Deductible for Rental Property?
What Expenses Can Landlords Claim on Taxes?
As a landlord, you may be wondering what expenses you can claim on your taxes. You can deduct any expenses related to renting out a property, including lawn care. This includes mowing and trimming the lawn, landscaping, and any other costs related to keeping the lawn in good condition. Of course, you must have receipts or other proof of the expenses.
In addition to lawn care, there are several other rental property-related expenses that are tax deductible. These include repairs, insurance, property taxes, and advertising. These expenses can be deducted in the year they were incurred, so be sure to keep track of them.
Are There Any Exceptions to the Tax Deduction for Lawn Care?
The IRS does not allow landlords to deduct the cost of lawn care if it is used for personal pleasure or entertainment. So, if you are using the lawn for a barbecue or other recreational activity, the cost of lawn care is not deductible. Additionally, the cost of materials used in lawn care, such as fertilizer and soil, cannot be deducted either.
Do I Need to Keep Records for Lawn Care Tax Deduction?
Yes, you should always keep records of all expenses related to your rental property. This includes receipts and invoices for lawn care services. It is also a good idea to keep records of any materials you purchase for lawn care. This will ensure you can prove the expenses if they are ever questioned by the IRS.