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Rental property
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knic...@rfoods.com
May 18, 2007, 10:58:14 AM5/18/07
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Client bought a 3 bedroom house for college bound child. 2 rooms will
be rented out. Client put enough down on house so that the rent from
the other 2 will cover the note. The 3 inhabitants will split all
utility costs. Can client deduct 100% of costs or does he have to
split it between personal and rental expenses?
be rented out. Client put enough down on house so that the rent from
the other 2 will cover the note. The 3 inhabitants will split all
utility costs. Can client deduct 100% of costs or does he have to
split it between personal and rental expenses?
Arthur Kamlet
May 24, 2007, 9:00:19 PM5/24/07
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In article <1179500294.0...@q23g2000hsg.googlegroups.com>,
Did I miss the followups? Answer is to split between personal and rental.
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