Landlord Question and Answer Forum

Forum / Other / Renting Rooms in a house but I am moving back in
I'm renting out the individual bedrooms to college students in a house I have in nearby town. I've set up an LLC for legal protection and I claim as business expenses things like mortgage interest, utilities, repairs, property taxes, lawn care, etc. First Question: Am I doing my taxes right? Can I really claim as business expenses all those things even if the mortgage, all utilities and the deed are still in my name and not in the name of the business? (I lived there eight of the ten years I've owned it.) Second Question: Due to changes in my life, I'll be moving into one of the bedrooms. Is it possible that I just make myself a renter, pay rent to my own company, and continue to claim as business expenses the full list of things I could if I wasn't living in it? I know I could just instead claim a portion of these things as expenses, but it would make the paperwork so much easier if I just made myself a renter. Then I wouldn't have to claim only portions of these expenses, but could claim all of them. Finally, it is possible that I don't understand federal landlord tax laws at all, so please educate me on this matter.
John M, on Thursday, March 26, 2020
Return to the Other Forum
Documents related to this forum

Residential Lease Agreement with ezSign

Free Rental Application (Handwrite-In)

Garage / Storage Lease Agreement

Late Rent - Reminder

Highest Rated Discussions
Author: Sheri B, MA
Updated: 05/24/2016
Rating: Star0Star1Star2Star3Star4
Author: margarita k,
Updated: 02/19/2021
Rating: Star0Star1Star2Star3Star4
Author: Thomas M. K, NC
Updated: 02/02/2016
Rating: Star0Star1Star2Star3Star4
Author: MelissaAndMartha O, NC
Updated: 04/03/2019
Rating: Star0Star1Star2Star3Star4
Author: Johni M, FL
Updated: 01/21/2013
Rating: Star0Star1Star2Star3Star4

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!
Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.

Satisfaction
Guaranteed

Money Back Guaranteed
Trusted by Over
300,000 Property
Managers, Realtors,
Attorneys, and Landlords
since 2006!
More Info

Feature Spotlight: Lease Packages

In most states, a simple lease is not enough to fulfill all applicable legal requirements. Our system not only alerts you to the additional documents that are needed in your state, but it also allows you to add these documents to your lease. Simply make your selection from various addenda, disclosures and from an array of other helpful forms to make sure your lease package is complete.

FEATURED ON

fox-business-logo CBS-Radio-logo MSNBC-logo CNN-Money-logo Wall-Street-Journal-logo
Copyright © 2006-2026, ezLandlord, Inc. All Rights Reserved. View our Privacy Policy, Terms & Conditions, and Affiliate Program