Can i claim advertising costs for selling a rental unit?
Asked by
saaoodi (
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April 15th, 2008
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3 Answers
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.
Yes advertising is considered a deductible expense.
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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