topic I pay rent to a landlord to live in my house. Is this deductible income? in Investors & landlords

I pay rent to a landlord to live in my house. Is this deductible income?

lornabetts — Sat, 20 Mar 2021 20:52:06 GMT

Is my monthly rental payment to my landlord deductable?

Re: I pay rent to a landlord to live in my house. Is this deductible income?

DoninGA — Sat, 20 Mar 2021 20:52:41 GMT

Rent paid is not deductible on a federal tax return.

Re: I pay rent to a landlord to live in my house. Is this deductible income?

Carl — Sat, 20 Mar 2021 21:37:54 GMT

Rent paid for your primary residence, 2nd home or any other 'personal use' property is not deductible on a federal return. However, if your state taxes your personal income, some states offer a "renter's credit" on the state tax return. If your state has such a thing, you won't deal with it until you get to the state return.