 Rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity.  Compilation of the Social Security Laws - Page 313by United States. Congress. House. Committee on Ways and Means - 1961 - 504 pagesFull view - About this book
 | David F. Windish - Real estate investment - 2007 - 700 pages
...received or accrued for the occupancy of real estate.1 Rentals or other payments, required to be made as a condition to the continued use or possession, for...business, of property to which the taxpayer has not taken title or in which the taxpayer has no equity, are deductible as ordinary and necessary business expenses.2... | |
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