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January 23, 2023
Question

I bought a home for my parent to live in. I still have a mortgage on it. My parent doesn't pay me rent. Should I claim it as a second home or a rental?

  • January 23, 2023
  • 1 reply
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1 reply

Employee
January 23, 2023

You are receiving no rent for the home.   So you cannot treat it as a rental property.  It is a second home.  You can enter the mortgage interest , loan origination points and property tax paid on a second home.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**