Renting to family
Varies
Can You Write Off Renting to Family?
Short answer: Renting below fair market value to a relative makes it personal use, so expenses are limited to the rent you receive.
Charge fair rent to keep full rental deductions.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
BW-B23-00635
medium risk
Renting to family
Varies
Real Estate / Landlords / Property Managers / Agents
Rent & Facilities
Rental Property Write-Offs
Renting below fair market value to a relative makes it personal use, so expenses are limited to the rent you receive.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Renting below fair market value to a relative makes it personal use, so expenses are limited to the rent you receive. Charge fair rent to keep full rental deductions.
Category
- Rental Property Write-Offs
rental property
search demand 2026 b23
rental income
losses vacancy