Rental Expense?

[Super Mom]

The requirement to file is not determined by "small profit" but by gross rents. None of us know the amount of rent collected but you used the word RENTALS (as in more than one). There is a high probability she must file regardless of profit.

Ok, I will stop beating this one to death!! Just trying to help this elderly lady!! Thanks for all of your help!!

[New York Enrolled Agent]

True but there is a deduction for part of the self employment paid. This woman would not have even had to file if not for the small profit on rentals!

The requirement to file is not determined by "small profit" but by gross rents. None of us know the amount of rent collected but you used the word RENTALS (as in more than one). There is a high probability she must file regardless of profit.

[Super Mom]

Same reason a Self employed individual cannot deduct taxes paid to the IRS. No deduction.

Chris

True but there is a deduction for part of the self employment paid. This woman would not have even had to file if not for the small profit on rentals!

[RitaB]

It's a no from me

https://www.irs.gov/taxtopics/tc503.html

[spanel]

Why not? She would not have had the expense if she did not have the rentals.

Same reason a Self employed individual cannot deduct taxes paid to the IRS. No deduction.

Chris

[Super Mom]

Why not? She would not have had the expense if she did not have the rentals.

[Burke]

NO WAY that state income taxes can be classified as a rental "expense." Nice try, though.

[ABevilacqua]

Although I am not sure, I think the reasoning is sound.

[Super Mom]

I have an older lady with rentals. She had 190.00 she had to pay to state last year only because of the rental income, if did not have rentals would not have owed. I'm thinking I can count that as a rental expense because paid in 2016. Am I right?