General Question

saaoodi's avatar

Can i claim advertising costs for selling a rental unit?

Asked by saaoodi (1points) April 15th, 2008
Observing members: 0 Composing members: 0

3 Answers

Breefield's avatar

If you wanted I’m sure you could include that in the initial renting fee, just put it on the contract and make sure the renters are aware of it. I think it would be courteous to take that bill yourself though.

ironhiway's avatar

Yes advertising is considered a deductible expense.

srmorgan's avatar

You would add the advertising expenses to your basis or value of the unit. You would thus offset part of your gain (hopefully there is a gain) using the advertising expenditure.

If you are not in the business of selling and trading real estate or in the business of renting residential units I don’t believe you can deduct the advertising expense on a regular schedule A, If you are in that business and filing a schedule C, then the expense could be deducted against income.

SRM

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