My primary home in California is on Rent. My wife is buying another property ( her name in mortgage), and will be using as primary. Can we both have 2 separate primary?
If you rent/lease property that does not generate a profit or breaks even- is that something that is tax deductible?
Can I deduct expenses spent on providing for my 19 yr old's living expenses outside of my primary home (rent, utilities, internet, food/ monthly stipend for bills etc