Posts Tagged ‘Home Park’

Can we use the amount we pay to rent the lots our rental property is on as a tax deduction?

Tuesday, June 17th, 2008
Mobile Rental
DawnK25 asked:

We own ten rental units (mobile homes) and charge X amount in rent, but then we ourselves pay 145 dollars to the owner of the mobile home park for lot rent. Can we use this as a deduction on our income tax return?