When an individual rents a house, are they allowed to use that as a tax deduction? If so, what Georgia form does that require to do so?
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When an individual rents a house, are they allowed to use that as a tax deduction? If so, what Georgia form does that require to do so?
No, paying for your own rental home is not a tax deduction, it's like paying your phone bill or paying for groceries, it's not tax-deductible.
On the federal level, no. I don't know about individual states.
No, in GA ( or any state that I know of) house rental is not deductable, only interest on the mortgage when you are buying,
Even buying a home, your payments are not deductable.
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