Solved: 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?

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?

posted

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

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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