Are property taxes, mortgage interest, etc. still deductible if I rent out a room of my home?
by Mortgage Rates on Wednesday, September 29th, 2010 | 7 Comments
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Yes, but you need to declare the rental income
Yes, it’s still you’re home. It’s your name on the mortgage
I own several places and take deductions on every little thing I do, even the mileage to go to the property to check on things
Yes, and the room is deductible too…on a sq ft basis…
The deductions you have mentioned will always be deductible. bettyk
I cannot answer the question but I would definantly seek a tax advisor that could answer this correctly for you. You could also try contacting http://www.hrblock.com or http://www.jacksonhewitt.com for answers to tax questions.
Yes…. I say Yes. You may claim your home mortgage intrest and the taxes also.
When you rent, your landlord still clams all the intrest and taxes on the property, while you were making his payment.
The best person to ask this question is to your accountant. Each state law is different.