[quote=SD Realtor]It wouldn’t surprise me if some of the expenses on your schedule E are proposed for the chopping block. You know how rich all those evil landlords are.[/quote]
Because of the way the code is written, it would seem unlikely. The same code sections that allow little landlords to deduct their repairs and supplies and property taxes, are the same code sections that allows General Electric to deduct its expenses. Over the last few decades, the only deductions that have been messed with at all are depreciation and the deductibility of business meals. I don’t expect it to happen now.
