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Would it be a good idea to rent my house to myself when i already rent another house
I just want to know if there would be any advantage to renting my house to myself.
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June 6, 2019
7:00 AM
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Investors & landlords
No. If you live there as a personal residence, you generally can't rent it to yourself. You would end up taking improper deductions for non-deducible expenses like your utilities, and you would pay capital gains tax when you sell instead of qualifying for the gains exclusion on a personal residence.
June 6, 2019
7:00 AM