Can I deduct property management fees on my taxes?

Yes, property management fees are 100% tax-deductible as a rental expense. This includes monthly management fees, leasing fees, and any other fees charged by your property management company. These are deducted on Schedule E of your tax return.

What's the difference between a repair and an improvement for tax purposes?

Repairs maintain your property's current condition and are fully deductible in the year incurred (e.g., fixing a leak, painting). Improvements add value or extend useful life and must be depreciated over time (e.g., new roof, adding a deck). The IRS looks at whether the work adapts, betters, or restores the property.

How much depreciation can I claim on a rental property in Indiana?

Residential rental properties are depreciated over 27.5 years using the straight-line method. For example, a $300,000 property (excluding land value of $50,000) would yield $9,091 in annual depreciation deductions ($250,000 ÷ 27.5 years). Land cannot be depreciated.

Top 10 Tax Deductions Every Indiana Landlord Should Know in 2026 | Leaseway Property Management Blog

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Top 10 Tax Deductions Every Indiana Landlord Should Know in 2026

Leaseway Team

Property Management Experts

January 10, 2026

Tax documents and calculator showing rental property deduction calculations

Article Summary

Maximize your rental property returns with these often-overlooked tax strategies. Expert CPA guidance for Hoosier property owners on depreciation, repairs, and more.

Published: January 10, 2026

Understanding tax deductions is crucial for maximizing rental property returns...

Sources & References

IRS Publication 527 - Residential Rental Property
Indiana Department of Revenue - Rental Income
AICPA - Real Estate Tax Guide 2026

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Leaseway TeamProperty Management Experts

The Leaseway Team brings together decades of combined experience in Indianapolis property management, real estate investing, and landlord-tenant relations. Our experts are dedicated to helping property owners maximize their investments.

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