26 U.S. Code § 212 - Expenses for production of income
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
(2) for the management, conservation, or maintenance of property held for the production of income; or
Source(Aug. 16, 1954, ch. 736, 68A Stat. 69.)
Denial of Deduction for Amounts Paid or Incurred on Judgments in Suits Brought To Recover Price Increases in Purchase of New Principal Residence
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