What deductions are available to a landlord?

ANSWER

The BIDaWIZ Team's Answer:

A new landlord can deduct the following expenses: Advertising, Improvements depreciated overtime, Repairs/Upkeep, Interest on debt (i.e. mortgages), Vehicle expenses directly tied to upkeep of property, Legal and accounting fees (professional services), Insurance premiums, Maintenance expenses, Property taxes, Utility Expenses, Broker Commissions. However, be mindful of the passive activity rules for loss limitations (i.e. $25,000 limit).