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emmas10th
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Can I claim partial house payment for having a bed and breakfast?

 
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Can I claim partial house payment for having a bed and breakfast?

Total house payments, or a portion thereof, are Not deductible because they contain (normally) Interest, Principal, and Tax components - Each of which is treated differently for income tax purposes. If you're running a B&B and living there, you'll have to divide each component of your house payment between Personal use and Business use, with Personal portion on Schedule A, and Business on Schedule C. Allocation is normally done manually, by square footage, before input to return. 

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