Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 4, 2022 10:26:42 PM

Does paying rent on property that was my principal residence mean the land or my apt?

0 6 2477
6 Replies
Expert Alumni
Apr 5, 2022 4:09:57 AM

What is your situation? Are you renting out your primary home? If not, what does rent have to do with it? You pay mortgage interest and property taxes on your home, not rent. Your property includes both the building and the land.

New Member
Apr 5, 2022 11:34:13 AM

I rent an apt from a landlord 

Expert Alumni
Apr 5, 2022 12:05:08 PM

A principal residence is the primary location that a person inhabits. It is also referred to as a primary residence or main residence. It does not matter whether it is a house, apartment, trailer, or boat, as long as it is where an individual, couple, or family household lives most of the time.

New Member
Apr 5, 2022 1:24:35 PM

I rent from a landlord, does that mean I'm paying rent on a property?

Expert Alumni
Apr 5, 2022 1:36:05 PM

Yes, you are paying rent on a property since you have a landlord that collects the rent.

Level 15
Apr 5, 2022 6:55:43 PM

RENT

There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.