In the West Indian island of Grenada, there is a national holiday known as Thanksgiving Day which is celebrated on October 25. Even though it bears the same name, and is celebrated at roughly the same time as the American and Canadian versions of Thanksgiving, this holiday is unrelated to either of those celebrations.
1 Must obtain a Use Tax Registration with the Michigan Department of Treasury. 2  Will be allowed to purchase tangible personal property for lease or rental, tax-exempt.  Will be allowed to purchase tangible personal property for repair or replacement parts in connection with property that is leased, tax exempt.
Expenses paid to obtain a mortgage. Certain expenses you pay to obtain a mortgage on your rental property cannot be deducted as interest. These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses that are part of your basis in the property.nder the terms of the lease, your tenant does not have to pay this bill. Include the utility bill paid by the tenant and any amount received as a rent payment in your rental income. You can deduct the utility payment made by your tenant as a rental expense. Example 2.