Since that guy is renting one room, I don't think it's a professional renting.



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送交者: wasguru 于 2005-5-06, 14:21:19:

回答: Maybe you are right. 由 boxer 于 2005-5-06, 14:04:42:

It's just an occational renting. I don't think property tax should be involved here. But the rented room must fulfill some requirements, for example, having access to a bath room without going through another room; having a door, a window, heating, etc. Usually you may not rent a living room, or an unfinished basement separately.

Renting income is taxible. But meanwhile the mortgage interest, harzard insurance, utilities, repairs, management costs involved are tax deductable.




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