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Don is a full time politician, but on the side he owns two rental properties that generate some income for him. Because he does not
Don is a full time politician, but on the side he owns two rental properties that generate some income for him. Because he does not have time to manage the properties, he has hired someone to do it for him. The management expenses amounted to $10,000 in 2018. Can Don deduct the management expenses? Question 4 options: a) No. Under 212 these are below the line deductions, which are disallowed as miscellaneous itemized deductions. b) Yes. Under 162 this is a business deduction. c) No. Don is not engaged in the property rental business, so he may not claim a deduction. d) Yes. Under 212, Don may deduct expenses attributable to rents
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