Tax Implications for Renting Out One Bedroom in Condo Where I Reside - NYC
Hi! Wondering if anyone in NYC has dealt with income taxes when renting out a bedroom in a property they reside in.
1. How much mortgage interest are you able to deduct from the Airbnb income? Do you count the room square footage plus all common areas or only the room (I see mixed information about this).
2. What else are you able to deduct? I recently bought a sliding door for the room, could I deduct that at 100%?