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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
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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