Rasmey Rentals » reduce http://www.ramsey-rentals.com Mon, 13 Dec 2010 04:29:55 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 To reduce my income on rental property, can I prepay utilities and declare as expense this year? http://www.ramsey-rentals.com/to-reduce-my-income-on-rental-property-can-i-prepay-utilities-and-declare-as-expense-this-year/ http://www.ramsey-rentals.com/to-reduce-my-income-on-rental-property-can-i-prepay-utilities-and-declare-as-expense-this-year/#comments Wed, 27 Jan 2010 04:24:44 +0000 http://www.ramsey-rentals.com/to-reduce-my-income-on-rental-property-can-i-prepay-utilities-and-declare-as-expense-this-year/ I want to reduce my taxable income and so I’m thinking of prepaying my gas, electric, water and garbage on my rental property and declaring these expenses on the Schedule E in the 2007 tax return? Allowed even though technically the charges haven’t accrued yet?

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