In business yes. For something like your house trailer, no (like any other rent for personal use).
Residential rent is not deductible. You can deduct any rent used for business purposes such as office rental, equipment rental, vehicle rental, etc.
Yes. You claim income that you receive in addition to expenses like repairs, insurance, property taxes, depreciation, etc. This is the case with me assuming that you are the owner of property that you rent to others and not rental property where you are the tenant.
can you claim street clothes on you taxes
Yes...presuming they meet all the other dependency tests. The student cannot then claim a dedcution alos, although one isn't needed in this casse.
Yes, you cannot claim rent as a deduction on your taxes.
Yes, you cannot claim rent as a deduction on your taxes.
You can claim a portion of your rent on your taxes if you use part of your home for business purposes, such as a home office. The amount you can claim is based on the percentage of your home that is used for business.
NO. Rent or living expenses for a student would NOT be deductible on the federal 1040 income tax return.
In business yes. For something like your house trailer, no (like any other rent for personal use).
Residential rent is not deductible. You can deduct any rent used for business purposes such as office rental, equipment rental, vehicle rental, etc.
Yes, you can claim a foreign exchange student as a dependent on your taxes if they meet the IRS criteria for a qualifying relative, such as living with you for the entire tax year and not providing more than half of their own support.
The maximum amount of student loan interest deduction you can claim on your taxes for the year 2018 is 2,500.
too bad so sad
Sure, but you really need to get some specific tax advice: are you talking about state taxes, or federal taxes. They really are diffierent.
Can you claim him on your taxes? If you live in the US, yes, you can, if he's a full-time student and would be considered your dependant.
Rent for your apartment or the home you rent to live in is seldom a deduction. There may be a deduction associated with taxes, but not normally. If you run a business out of your home, you may be able to deduct some of the cost of a home office. Rent for business locations is normally deductible as a business cost.