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posted Jun 4, 2019 12:56:19 PM

An international student lives with us and the school pays us . We have a 1099 from the school and I want to know if the bedroom is deductible?

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Level 1
Jun 4, 2019 12:56:21 PM

Yes, you can deduct the expenses pertaining to the bedroom from the income you received.

Common expenses include the apportioned utilities, insurance, taxes and mortgage. You can also deduct and depreciate the cost of furniture bought just for the room.

For more information, follow this link: Tips on Rental Real Estate

1 Replies
Level 1
Jun 4, 2019 12:56:21 PM

Yes, you can deduct the expenses pertaining to the bedroom from the income you received.

Common expenses include the apportioned utilities, insurance, taxes and mortgage. You can also deduct and depreciate the cost of furniture bought just for the room.

For more information, follow this link: Tips on Rental Real Estate