If you rented out part of your home, you will do your own
calculation and report half of the income and half of the expenses.
An important issue here is that you say you rented to your
father for $550/month. Is this a fair rental price that you would charge an
unrelated party? If not, you will only be able to claim your expenses up to the
amount of income you received. In other words, you can’t claim a loss.
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