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danielgelfand
Returning Member

Renting a room somewhere else so I can rent out my house

If I rent a room from someone so that I can rent out my house, is MY rent considered  tax deduction?  One could argue that it was a necessary expense in order to generate rental income. 

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4 Replies

Renting a room somewhere else so I can rent out my house

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, Rhode Island, Vermont, and Wisconsin 

 

@Carl  I would answer this, but..... "One could argue that it was a necessary expense in order to generate rental income." 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Renting a room somewhere else so I can rent out my house

it's a personal expense -  which is not deductible  ...which if the IRS permitted the argument, half of America would rent out their home and rent another place to live so that the government would help pay for it via tax deduction.  😉 

danielgelfand
Returning Member

Renting a room somewhere else so I can rent out my house

Thanks, I get that.  Would be a win-win though because govt would make money too.

Renting a room somewhere else so I can rent out my house

how so? 

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