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February 25, 2024
Question

Do I record the rent I paid on the land that my home sits on?

  • February 25, 2024
  • 1 reply
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I own my home, but rent the land. How do I list the rent I paid on the land from last year?

1 reply

February 25, 2024

Rent paid on the land where your home is isn't tax deductible at the federal level and isn't reported on your tax return.

 

Certain states allow a state renter's tax credit. See this TurboTax Help article.

 

Can you please clarify in which state you live.

 

Typically your lot rent does not go towards the payment of property taxes and thus will not qualify for the state renter credits.

 

If your lot rent does in fact go toward the payment of property taxes, then you may qualify for the state renter's credit.

 

@larsen6141

 

[Edited 02/25/24 | 11:03AM PST]

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