Home warranty on a rental
$400-$800/yr
Can You Write Off Home Warranty on a Rental?
Short answer: Yes: a home warranty that covers a rental's appliances and systems is a deductible rental expense.
Rental income and expenses go on Schedule E; ordinary costs to manage and maintain the property are deductible in the year paid.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Home warranty on a rental
Typical range: $400-$800/yr
Real Estate / Landlords / Property Managers / Agents
Yes: a home warranty that covers a rental's appliances and systems is a deductible rental expense.
Business justification
Yes: a home warranty that covers a rental's appliances and systems is a deductible rental expense. Rental income and expenses go on Schedule E; ordinary costs to manage and maintain the property are deductible in the year paid.
Category
- Rental Property Write-Offs