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Reply to "Possible to rent home "under the table"?"
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[quote=Anonymous]What does your mortgage company have to do with renting your house? It's your house, not a condo. The rent is definitely considered income, however, you can deduct a ton of stuff like management fees, repairs, anything. We did it for 3 years when we moved. It wasn't bad on our taxes. It actually helped a little b/c we wrote off so much stuff. We definitely used a management company though. It helped significantly.[/quote]
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