The local electric company requires a $200 refundable deposit from new customers in lieu of a credit

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The local electric company requires a $200 refundable deposit from new customers in lieu of a credit check.

Landlord Pete pays this amount for all of his new-to-town tenants. Can he deduct the $200 payments on his tax return?

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Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

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Question Posted: Oct 09, 2024 08:02 AM

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The local electric company requires a $200 refundable deposit from new customers in lieu of a credit

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Federal Tax Research

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