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    #1

    Investment Property

    Taxpayer purchased a home in 2013 as an investment and is letting his daughter live in house rent-free. Could this still be considered an investment property with interest deductible up to investment income earned with the personal use? Taxpayer already has a second home.

    Peggy Sioux
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    #2
    No. Its personal use property. He can deduct the real estate taxes.

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      #3
      Investment Property

      Thanks Burke, I thought that was the case, but was hoping there was some type of exception that taxpayer might fall into that I was unaware of.

      Count down to April 15.......

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