I have to rent out my home for 4 months to go back east to take care of my parents. Can i deduct the expense of renting a home back east to offset the income i get for renting out my house??
No, the rental expenses in the East Coast would not be offset against your rental income obtained from renting your resident in the West Coast!
The Rental property is a passive activity whose net income can only be offset against other passive activity losses! Renting out a house in the East Coast is a personal expense and not a passive activity!
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