taxmap/pubs/p527-002.htm#en_us_publink100027252Rental Expenses(p3) Rental Expenses Generally, the expenses of renting your property, such as maintenance, insurance, taxes, and interest, can be deducted from your rental income.taxmap/pubs/p527-002.htm#en_us_publink100027253Personal use of rental property.(p3)If you sometimes use your rental property for personal purposes, you must divide your expen