What are the tax deductible things if I give my condo for rent?
If I rent a small apartment for myself while giving my condo for rent:
Is my own rent payment completely tax deductible?
how about property tax?
how about condo fee?
Thanks
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Tags: Property Tax, Rent Apartment, Small Apartment
rent property | , 17 Nov 09
By lepr0kan, November 19, 2009 @ 12:51 pm
You can deduct the interest you pay and possibly necessary repairs, but any income you make will have to be claimed. And no you can’t deduct taxes, HOA fees, your own rent.
By Dr. Deth, November 21, 2009 @ 1:17 am
mortgage int, real estate taxes, condo fees, repairs and maint, any utilities you still have to pay, like water and sewer