Biz Write-Offs LogoBiz Write-Offs

Renting a room in your home

Varies

Can You Write Off Renting a Room in Your Home?

Short answer: Yes: deduct the room's share of mortgage interest, taxes, utilities, and depreciation against the rent.

Shared-space costs are split by square footage.

Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.