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View Full Version : Can a overseas GS worker depreciate his home in the States


BAUM2954
Dec 9, 2008, 05:06 PM
I am a U. S. Federal Empoyee that is stationed overseas, and I receive a non-taxable housing allowance for the place I am renting while overseas. However, I have a home in Virginia that is unoccupied and due to the homeowner rules cannot be used as rental property. Under these circumstances may I depreciate the house? Deduct all of the expences used to keep the house in good repair (water, electric and gas, insurance, security alarm etc)?

AtlantaTaxExpert
Dec 10, 2008, 01:17 PM
Sorry, but unless the property is a rental property, you CANNOT deduct any of the maintenance/upkeep costs, nor can you depreciate it.