Hello folks,
Last year, I rented an apartment that I used specifically for lodging as a student. As I live in NJ but studied in NY, I was a non-resident in NY and this apartment was not my domicile. Long story short, I had to terminate my lease half way through. Because this apartment was rented for education and because it's not my domicile, I was wondering if I could file the lease-termination expenses ($3500) as an investment loss. Is this possible? Note that I found a somewhat similar question here. However, I assumed that the person asking the question declared his rented apartment as his domicile. I have not done this.
Thank you
You'll need to sign in or create an account to connect with an expert.
Sorry, your fee to break your lease is not deductible. Moving costs are not deductible except for certain active duty members of the military.
Thank you
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
msantoin
New Member
btomal
New Member
CalMaple
Level 1
rusjan81
New Member
4eazye1
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.