If you own a second property and pay municipal taxes and hydro on it, can you deduct those expenses?

Marz73 — Fri, 25 Apr 2025 13:01:43 GMT

Re: If you own a second property and pay municipal taxes and hydro on it, can you deduct those expenses?

sgill9 — Wed, 30 Apr 2025 17:52:25 GMT

If the second property is generating income, you are indeed entitled to claim deductions as business expenses for municipal taxes and hydro expenses relating to that property. Thank you for reaching out with your question!

topic If you own a second property and pay municipal taxes and hydro on it, can you deduct those expenses? in Investors and rental owners

If you own a second property and pay municipal taxes and hydro on it, can you deduct those expenses?

Re: If you own a second property and pay municipal taxes and hydro on it, can you deduct those expenses?