Solved
Can we deduct expenses or claim rent received from a second home that is occupied our son?
What are the rules for a second home rented to your child?
@gabriel-brockman wrote:
What are the rules for a second home rented to your child?
If your son uses the home as his primary residence (main home) and pays fair rental value, then you can deduct typical rental expenses, such as utilities, insurance, cleaning/maintenance, repairs, et al, on Schedule E of your individual income tax return.
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