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Hoots : Tax Deductible Expenses for a dual use property (US) I've got a home that I live in and rent out rooms. I'm wondering which expenses I can deduct from taxes and what percent of them I can deduct. Specifically, can I deduct - freshhoot.com

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Tax Deductible Expenses for a dual use property (US)
I've got a home that I live in and rent out rooms. I'm wondering which expenses I can deduct from taxes and what percent of them I can deduct.

Specifically, can I deduct

Repainting the house
Repairs
Improvements (like new furniture)

I heard from someone that for common areas, I can only deduct the percentage matching the percent of the house that is rented.


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IRS Publication 527 addresses these questions, particularly the section on Renting Part of Property.

Please read for yourself but the gist, I believe, is:

Paint your tenant's room, you can deduct the paint because the room is rented.
Paint your room, you can't because it's personal use.
Paint the house, deduct part determined "by any reasonable method" such as square footage of rented part, or number of rooms rented out, since it's common.


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