I am renting a house and renting out rooms. Can I deduct any part of my rent on my income tax?

[Matt711]

If you're not a CPA, please provide a link to your answer. If you're not 100% sure, please dont respond.

Hi I am renting a house and renting out rooms. Can I deduct any part of my rent on my income tax?

-I live in the house 365

-I rent out 4 of the 5 bedrooms most of the year

-I dont own the home nor am a partial owner

Thanks in advance!

[Linda108]

The Help Center is a good source of information for you about many issues.  Here is a link to an article about your question.

https://www.airbnb.com/help/article/182/what-expenses-are-deductible-from-my-airbnb-income

[Matt711]

It just says that it may be. Maybe and ask a tax consultant does not answer my question.

[Lisa723]

@Matt711 your post is a request for free professional tax advice. In your shoes I would hire a CPA like everyone else.

[Matt711]

Sorry for the confusion. See I thought when I put this statement at the top and made it bold, it would be read and understood. I'll repeat it.

If you're not a CPA, then please provide a link to your answer. If you're not 100% sure, please don't respond.

And not EVERYONE else pays for tax services. 

[Linda108]

In the article, @Matt711 , is a very complete Ernst and Young article about short term rental US federal tax deductions.  Perhaps you did not use this link.  It is so professionally written that I provided it to my CPA a few years back when I first started this business.  Ultimately you will have to consult either a CPA or use a tax softwear that will guide your deductions.  Good to have the general background information.

[Matt711]

I read allot of that article and it did have a break down map but it didn't seem to answer the question as to whether I can write off a portion of rent if I am renting out rooms in a house that I am also renting that I live in.

[Linda108]

Also, links to professional services are routinely scrubbed by the Community Center Administration.  However, should a CPA want to work with you, they can private message you.  So perhaps rather than request a link, request a private message response.  That should work better.

[Kia272]

I'm not a CPA but I play one on TV.

[Matt711]

@Kia272 I thought I recognized you! OMG you also starred in that movie with Sher. I'm trying to remember the name... something like mask I think?

[Sarah977]

@Matt711   "And not EVERYONE else pays for tax services. "

You're right. Some cheap people try to get professionals to provide advice for free.

[Debra300]

I read "Every Airbnb Host's Tax Guide" by Stephen Fishman.  It's a NOLO publication, simple to read and informative.