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user17684158127
Level 1
January 14, 2026
Question

Purchased new house

  • January 14, 2026
  • 1 reply
  • 247 views

I purchased a new house in July of 2025 and my son is renting from me. I do not live in the house. Do I have a choice to use it as a rental property or can I use it for my home itemized deduction?

1 reply

AmyC
AmyC
Level 15
January 14, 2026

It depends. Usually a relative is renting for less than fair market value which means it is a second home to you and you claim the itemized deduction for property tax. If your son is paying fair market value, then  claim the house as a rental property. 

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