Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-11-2017, 09:54 AM
Junior Member
Join Date: Oct 2017
Posts: 1
Tax and house rental ?

Hi All ,
I am a new immigrant in the USA, I came in March 2017, I live with my friend, I had a job in June and since then I have been paying with my friend half of the rental amount of his apartment, sometimes I pay the totality of the amount because he has some problem in his work. the lease is in his name. My question is that: in the tax declaration for the next year, I will be able to say that I am paying an amount of apartment rental, especially that the rental contract is not in my name? or you will consider that the fact of paying an amount for the rental of the apartment has no value in the calculation of taxes. I am new and I do not yet understand these things of Taxes,
I plan to stay with him for one year at least .
please advise me please

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-12-2017, 05:26 AM
Join Date: Oct 2010
Posts: 5,258
In general, on your US return, you can not claim rental expenses; however, if you pay property taxes as part of your lease agreement, these taxes are deductible on your federal tax. You can also deduct the cost of damage of your property because of fire, theft or other accidents. Some states also offer renters credits or deductions. Some states offer a renters tax credit, which usually represents an amount that the state has determined to be the portion of the rent that the landlord collects in order to pay property taxes. New Jersey allows renters to claim a credit based on the portion of their rent used to pay property taxes, within certain limitations. Renters in Maryland may receive up to $750 in tax credits depending on income and tax filing status.but, you can deduct the amount of rent represented by the portion of your home /apartment used for business, as well as a prorated portion of utility payments like water, power, heating and gas.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sale of house with gains - non-rental Dragonfly Homeowner Tax 0 03-30-2017 02:04 PM
Sale of Rental House on Contract SharonB For 2014 1 01-24-2015 10:56 AM
Tax liability on a rental house for daughter Tamalyn Rental Real-Estate 1 04-16-2013 02:25 AM
sold rental house mr oreilly Rental Real-Estate 0 04-08-2011 08:35 PM
painted entire rental house tonyasue Depreciation 1 01-02-2010 09:46 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.