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Investors & landlords

Rent

The rent you paid as a tenant is not deductible on a Federal tax return. However, some States have a renter’s tax credit for a personal residence or apartment. 

If your State asks rent related questions while answering the TurboTax State interview questions, it will cover that deduction. The States that offers renter's credit are as followed: Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, Rhode Island, Vermont, and Wisconsin.