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    soledad15's Avatar
    soledad15 Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 2, 2012, 05:33 PM
    Can I buy a house and rent it to myself or to my husband
    I want to buy a house in Virginia as an investment property and rent it to myself? If that is not possible, can I rent it to my husband?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Dec 2, 2012, 05:42 PM
    It makes absolutely no sense to to rent a property to yourself or even your husband, unless you are looking to take a loss for tax purposes and even then its really iffy.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Dec 3, 2012, 08:48 AM
    Renting to yourself is considered personal use of the property and expenses incurred are not deductible. This often comes up when people rent out a condo for most of the year but use it for personal use for a few weeks each year. The rule is that if you use the property for personal use for more than 2 weeks per year or more than 10% of the number of days rented to third parties you can't treat it as a rental property for tax purposes. The reason for this is to prevent people from trying to turn personal expenses into business expenses.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #4

    Dec 3, 2012, 08:58 AM
    I'm curious what your reason to do this is?

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