All of the following are allowable deductions for real estate except:

In the context of tax deductions for real estate, earned income from rental is not deductible because it refers to the income generated from renting out a property, rather than an expense related to the management or maintenance of that property. Allowable deductions typically include costs incurred in the operation or maintenance of real estate, making property management fees and property depreciation legitimate expenses that can reduce taxable income. Furthermore, capital improvements, while they can increase the basis of the property for future depreciation, are not considered deductible expenses in the same year; they are usually capitalized. This distinction emphasizes that deductions are associated with expenditures made in the course of earning rental income, whereas the income itself is not a deductible expense.