Pet rent and pet fees
Varies
Can You Write Off Pet Rent and Pet Fees?
Short answer: Monthly pet rent and nonrefundable pet fees are rental income; a refundable pet deposit isn't income unless you keep it.
Pub 527 treats anything you receive for the use of the property, in cash or in kind, as rental income in the year you get it.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Pet rent and pet fees
Varies
Real Estate / Landlords / Property Managers / Agents
Monthly pet rent and nonrefundable pet fees are rental income; a refundable pet deposit isn't income unless you keep it.
Business justification
Monthly pet rent and nonrefundable pet fees are rental income; a refundable pet deposit isn't income unless you keep it. Pub 527 treats anything you receive for the use of the property, in cash or in kind, as rental income in the year you get it.
Category
- Rental Property Write-Offs