Q: tax deduction on home rental in two places
I lost my job in Texas, had to move to Colorado where my new job is and I live here currently. But could not get my previous home rented. So I ended up paying rent for two places (one empty house in Texas, one in Denver where I live) for 6 months until previous rental expired. Can I list that as deductibles on my tax return? The rent in Texas was $1500. The rent in Denver was $1200.
A: Rent is not a tax deduction at the federal level. Some states (e.g. Massachusetts provides a deduction in certain limited circumstances), but most do not (Colorado does not). If any portion of the rent was for the payment of property taxes, that portion can be claimed on a Schedule A of a federal 1040 (rare for most rentals).
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