Whether you’re an experienced do-it-yourselfer or doing your own taxes for the first time, this is your place to learn and share. Here you’ll find information and resources for using H&R Block’s online and software DIY solutions. You’ll also find links to more information to assist you on your DIY journey.
02-02-2018 10:17 AM
I sold a rental and am carrying the mortgage note.
I have filled out both the installment sale (6252) and 1099-int forms.
Since I need to make sure that they aren't destroying the property, to protect my note, I have expenses to travel to another state to inspect the property.
Can I deduct those expenses? There doesn't seem to be any place to put expenses in, except perhaps 1099-int "adjustments".
02-07-2018 03:22 PM
Welcome to H&R Block Community.
For your situation, these expenses can be entered as “investment expenses” on Schedule A for Itemized Deductions.
If you are using the H&R Block desktop/downloaded software, here are the steps to enter the expenses.
If you are using the H&R Block online product, follow the steps below to enter the expenses:
If you have any other questions, I'll be glad to help.
Tax Research Specialist