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posted Feb 5, 2019 4:47:32 AM

Renting a second home while renting OUT first

Hello, 

We have a house (on which I pay a mortgage etc.) in Pittsburgh that I am renting out. We now live in Chicago and am renting my primary residence here (IL) as we didn't want to buy a place here without selling the other ! 

 

Anyway, can I deduct any portion of my rent payments in Chicago as necessary expenses when calculating rental income from Pittsburgh?  

 

Thanks in advance. 

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1 Replies
Level 1
Feb 5, 2019 9:21:54 PM

The rent for your Chicago home is not a business expense.  Note that the rental in Pittsburgh will require you to file PA returns even though you don't live there anymore.