Posts Tagged ‘Several Thousand Dollars’

Can I deduct home improvement expenses if I am reporting rental income from renting a room in my home?

Tuesday, June 24th, 2008
sunfish024 asked:


I have a 3-bedroom house and I rent out one of the rooms for extra income. I have also invested several thousand dollars in home improvement last year, much of it on repairs to the extra bathroom used by the roommate-tenant.
Does anyone know the rules on reporting the rent obtained from the roommate, and also the deductions I would be allowed on the improvements because of this partial rental space in the house?