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scottl11
New Member
posted
‎June 6, 2019 7:00 AM
last updated ‎June 06, 2019 7:00 AM

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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Opus 17
Level 15
Level 15
‎June 6, 2019 7:00 AM

Would it be a good idea to rent my house to myself when i already rent another house

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.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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