Posted by Bud Branstetter on June 21, 1999 at 22:49:05:
Yes, Master lease payments and the other items required to produce that income are deductable as an expense. Depreciation is the one that is not.
Help…Tax Question? - Posted by Jim Heffernan
Posted by Jim Heffernan on June 21, 1999 at 11:04:41:
On a lease option, what tax write-offs are available vs. purchasing the property? Since there is not any intrest paid,are the lease payments fully deductable against income? What about maintanence,lawn-care,ect.? Thanks for the help. This board is a great help to all us newbies? As I gain more experience I hope to share my knowledge to help others as well. Good luck to all.