Purchased new house

[user17684158127]

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?

[AmyC]

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.