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April 17, 2022
Question

I own a condo and pay mortgage and my mom lives there rent free. How do I account for this? Zero $ rental or second home?

  • April 17, 2022
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1 reply

April 17, 2022

You cannot claim the property as a rental since there is no income generated.  

 

You can claim the property taxes paid for the condo.  You may also be able to deduct the mortgage interest if the condo qualifies as your second home.

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