Apartment rent write off?

Because of escalating gas prices, I had to obtain an partment close to work. My house is 145 miles from the office - and I could not afford the commutting prices anymore. Can I write my rent off my income tax - is there anything special because of the overall energy crisis in the United States?

The short answer is no. Unless you use the apartment as a home office, it cannot be deducted. The same would have been true for your secondary home.

Also, be aware that you might have some tax problems when you sell you home. One of the requirements is that it is your primary residence for 2 out of the previous 5 years. If your apartment is now your primary residence -- which is sounds like it is -- you might have trouble meeting the residency requirement in your house.

Tags

　　Meeting Room 　　Meeting Space 　　Conference Room 　　Offices to Lease 　　Rent Offices 　　Business Centers 　　Service Offices 　　Branch Offices 　　Temporary Offices 　　Shared Offices 　　Commercial Space

Related information

Doenst rent to "full-time students"???!!! NEED LEGAL ADVICE!!!?

Okay, this sounds familiar. If I'm correct, this sounds like LIHTC housing (stands for Low income housing tax credit). Basically what happens behind the scenes is that the developer of the a...

Can I write off My Rent?

If the room is used regularly and exclusively for business (nothing stored there, no futon or comfy oversized chair and television in there, no exercise machine in there, no personal items not used...

Young family looking to rent nice, safe family home in Melbourne close to amenities/transport, etc?

interesting.. I suggest you check out places on www.domain.com.au or www.realestate.com.au you will want to be close to public transport and possibly on the west side of the city (no...

Does your credit rating affect your ability to rent a U-Haul truck?

Vehicule rentals such as U-Haul do not require any creditworthiness. Only a valid driver's license and a credit card. Be extremely careful. This doesn't sound right, I smell a rat.

...

I moved out my apartment, paid the rent til the lease was up, went for inspection and the locks was changed?

You have been the victim of a self-help eviction and are entitled to damages. As long as you paid the rent, the apartment was yours. You didn't break your lease because your choice was "...

Can I make a rent to own offer to a home owner in New Jersey?

There is a saying that I have to remind my partner of all the time: "If you never ask, you'll never know." He says I come up with some of the weirdest plans for buying property, but ...

Paid too much rent?

In exactly the same way you just told us!

...

I want to rent a flat, how can I know if the person is the real owner???

The land registery will have the owners name you have to pay a small fee but can request the information.

...