A landlord blew out a tire on his way to collect rent, he spent $250 fix the tire. Is a deductible expense on his Schedule E? If so, on what category?
The IRS Publication 527 lists the following expenses:
• Advertising.
• Auto and travel expenses.
• Cleaning and maintenance.
• Commissions.
• Depreciation.
• Insurance.
• Interest (other).
• Legal and other professional fees.
• Local transportation expenses.
• Management fees.
• Mortgage interest paid to banks, etc.
• Points.
• Rental payments.
• Repairs.
• Taxes.
• Utilities