Investors & landlords


@Carl wrote:

Once your rental expenses get your taxable rental income to zero (..and they will) that's it. 


Every day an owner rents to a family member at below fair rental value is considered a day of personal use.

 

As a result, none of the traditional rental expenses are allowed (Section 280A); mortgage interest, property taxes, and casualty losses (if any) are reported on Schedule A.