Can i claim accountant fee as an expense towards rental income?
01460
1 Replies
TurboTaxKim
Level 15
Jun 1, 2020 5:36:56 PM
Yes, you can claim accounting and tax preparation fees you incur for your rental property. Claim this deduction on Line 8860 of the T776 - Statement of Real Estate Rentals as Professional Fees (includes legal and accounting fees).