DoryAngel
2025 Edition
Bronx Landlord Tax Deduction Checklist
28 deductions to review with your CPA — including NYC-specific items most landlords miss. Check each one as you go.
How to use this checklist: Go through each item with your CPA or tax preparer. Check the box when you've confirmed the deduction and gathered the required documentation. Items marked OFTEN MISSED are deductions landlords frequently forget to claim. Items marked BRONX apply specifically to NYC/Bronx landlords.
Property Operating Expenses
Repairs & Maintenance
All costs to keep the property in working condition — plumbing, electrical, painting, flooring repairs. Must be repairs, not improvements.
Utilities Paid by Landlord
Heat, electricity, gas, water paid in common areas or units where landlord covers them.
NYC Water & Sewer Charges
DEP water and sewer bills paid by the landlord are fully deductible operating expenses.
Bronx
Insurance Premiums
Fire, liability, umbrella, flood, and loss-of-rent insurance. All premiums on rental property are deductible.
Pest Control
Routine exterminator costs and emergency pest treatments. Required under NYC Housing Code — deductible in full.
Often missed
Security System & Cameras
Monthly monitoring fees and installation costs for building security systems.
Often missed
Landscaping & Snow Removal
Seasonal lawn care, tree trimming, and snow/ice removal services.
Locksmith & Key Replacement
Lock changes between tenants, key duplication, lockout calls. Frequently overlooked but fully deductible.
Often missed
Bronx & NYC-Specific Deductions
HPD & DOB Violation Removal Costs
Costs paid to remediate HPD or DOB violations — contractor fees, re-inspection fees, filing costs.
BronxOften missed
Lead Paint Inspection & Remediation
Required under NYC Local Law 1 for buildings with children under 6. Inspection and abatement costs are deductible.
Bronx
DHCR Registration Fees
Annual DHCR apartment registration fees for rent-stabilized units. Deductible as an operating cost.
BronxOften missed
Boiler Certification & Maintenance
Annual boiler inspection, certification, and repair costs. Required by NYC law — deductible in full.
Bronx
Elevator Inspection & Maintenance
DOB-required elevator inspections, annual maintenance contracts, and repair costs.
Bronx
Fire Safety System Testing & Certification
Sprinkler testing, smoke detector compliance, fire escape inspections required by NYC Fire Code.
BronxOften missed
Section 8 / NYCHA Compliance Costs
Costs for NYCHA inspections, repairs required to pass HQS inspection, and Section 8 paperwork fees.
BronxOften missed
Professional & Management Services
Property Management Fees
All fees paid to a property management company — monthly flat-fee or percentage-based. Fully deductible.
High value
Legal Fees
Lease drafting, eviction proceedings, tenant disputes, lease review. Court filing fees also deductible.
Tax Preparation & CPA Fees
Fees paid to your accountant or tax preparer for rental property tax returns.
Often missed
Tenant Screening & Background Check Fees
Credit check, background screening, and tenant application fees paid by the landlord.
Often missed
Advertising & Vacancy Marketing
Listing fees on Zillow, StreetEasy, broker commissions for finding tenants, signage, photography.
Bookkeeping Software & Subscriptions
QuickBooks, Stessa, AppFolio, Buildium, or any software used to manage rental finances.
Often missed
Landlord Association Memberships & Education
CHIP, REBNY, or other landlord/RE association dues. Educational courses directly related to rental management.
Often missed
Long-Term & High-Value Deductions
Depreciation (27.5-Year Schedule)
The building's value (not land) is depreciated over 27.5 years. Often the single largest rental deduction — make sure it's taken every year.
High valueOften missed
Mortgage Interest
All mortgage interest paid on loans secured by the rental property. Confirm your 1098 is allocated correctly if you have mixed-use properties.
High value
Real Property Taxes
NYC property taxes paid during the year. Verify you're paying the correct class rate (Class 2 for most Bronx rental properties).
High value
Capital Improvements (Depreciated Separately)
New roof, HVAC, windows, kitchen remodel — depreciated over useful life (5–39 years) rather than expensed immediately.
High value
Home Office Deduction
If you manage your rental from a dedicated home office space, you can deduct a proportional share of home expenses.
Often missed
Vehicle Mileage & Travel to Property
Driving to inspect, repair, or manage your property is deductible at the IRS standard mileage rate (67¢/mile in 2024). Keep a mileage log.
Often missed
Bad Debt Deduction (Uncollected Rent)
If you reported rent as income but never collected it (accrual basis), you can deduct it as a bad debt when it becomes uncollectible.
Often missed
Questions about your specific properties?
DoryAngel manages Bronx properties on a flat-fee model — our team knows which deductions apply to your buildings specifically.
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