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Level 2
October 6, 2022
Question

Can a House Share reduce taxes?

  • October 6, 2022
  • 1 reply
  • 4 views

Does the "personal use component" prevent a 50/50 house share/room rental to a non-related party from going below zero (i.e. negative income) on Schedule E?

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1 reply

PhoebeRoberts
Intuit Community Champion
October 6, 2022

Pub 527 covers this in pretty good detail.