Question

Does paying rent on property that was my principal residence mean the land or my apt?

Forum|Forum|4 years ago
April 5, 2022
1 reply
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TurboTax Live Premier Online

What is your situation? Are you renting out your primary home? If not, what does rent have to do with it? You pay mortgage interest and property taxes on your home, not rent. Your property includes both the building and the land.

T

tazmarie123Author

I rent an apt from a landlord

LeonardS

A principal residence is the primary location that a person inhabits. It is also referred to as a primary residence or main residence. It does not matter whether it is a house, apartment, trailer, or boat, as long as it is where an individual, couple, or family household lives most of the time.

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