402-9  Income from Rental Property

Income from property which is being rented or leased is countable income.   The following expenses may be deducted from the gross income received:

1. Taxes and attorney fees needed to make the income available.

2. Upkeep and repair costs necessary to maintain the current value of the property.

3. Utility costs if they are paid for by the owner.

4. The interest portion of a loan or mortgage secured by the rental property.