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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121341  
Subject: Re: Renting a room Date: 2/2/2013 1:43 AM
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In 2012 for the first time I rented out the master suite in my home on www.airbnb.com, to students or travelers, by the month. Airbnb has sent me a 1099 misc. I bought this condo unfurnished in 2012 so in order to rent out a room I had to buy furniture and accessories, linens, TV, etc.

Can I deduct the things I bought for the room, and if so on what form?


Furniture and accessories are depreciable assets. You will need to complete Form 4562 and Schedule E. There are other expenses which you can deduct directly from your rental income.

Ira
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