Rental Property Tax Deductions (2026): The Write-Offs Landlords Miss and the Records That Survive an Audit
Jun 10, 2026 · Austin Spaeth
A rental property is taxed on profit, not rent, and the gap between the two is deductions — but a deduction is only worth what you can document. This guide walks every category a landlord deducts on Schedule E: mortgage interest, property tax, insurance, repairs, management, utilities, travel, professional fees, and the one most owners under-claim, depreciation. It draws the line the IRS actually audits — repairs you expense in the year you pay versus improvements you capitalize and depreciate over 27.5 years — and explains the safe harbors (de minimis, routine maintenance) that let you expense more. It covers the passive-loss rules that decide whether a paper loss is usable this year, the 20% qualified-business-income deduction, and the 1099-NEC you owe contractors. And it pairs each deduction with the exact record that survives an audit, plus a free estimator that shows your depreciation and the tax your deductions save.