Tax WRITEOFF On Rental Home
My permanent home is in California but I've lived this past year in NY, renting an apt. The reason I relocated is work- related. I still have the place in CA, for which I pay. All my bank accounts and insurance are still in CA also. My question is: Can I get a tax writeoff for the NY apt. on the grounds that the job was in NY? thanks dl
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You need to speak with a tax advisor.
My first question to you would be; was it a relocation or a temporary assignment. As a consultant, when I take a gig in another state I do not relocate. My primary residence is still in my home state. The temporary living arrangements are an expense that I write-off.
Your situation may be different.
Short answer: NO
Rent you pay is a personal housing expense and not deductible.