Examples of Other Expense on line 19 of Schedule E?

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Would you please advise me a few example which qualifies as Other Expense on line 19 of Schedule E. Thank you.

Attorney Answers

3
Phillip Smith ·
You really should ask this question of an enrolled agent, CPA that prepares taxes or a registered tax preparer. Line 19 expenses can include a broad range of deductions for rental, property, royalties or schedule income producing assets (like oil wells). This includes but is not limited to points for refinancing,, termite elimination, monthly gardening, escrow fees, and other related expenses on a settlement statement, as well as any other expenses that are ordinary and necessary expenses for rental property.
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Thomas Wagner ·
Any reasonable expense necessary to the activity you are engaged in.
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Alex BezuBusiness AttorneyFederal Way, WA ·
Please read sources referenced in IRS instructions for Schedule E: Enter on line 19 any ordinary and necessary expenses not listed on lines 5 through 18. You may be able to deduct, on line 19, part or all of the cost of modifying existing commercial buildings to make them energy efficient. For details, see section 179D, Notice 2006-52, Notice 2008-40, and Notice 2012-26. You can find Notice 2006-52 on page 1175 of Internal Revenue Bulletin 2006-26 at www.irs.gov/irb/200626_IRB/ar11.html . You can find Notice 2008-40 on page 725 of Internal Revenue Bulletin 2008-14 at www.irs.gov/irb/200814_IRB/ar12.html . You can find Notice 2012-26 on page 847 of Internal Revenue Bulletin 2012-17 at www.irs.gov/irb/201217_IRB/ar08.html .
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