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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You live in another house that you don't own? What does that mean? Are you renting? Are you paying fair market rent? Is it rent free? Is it a home you will inherit one day? Are you taking care of someone in the home who is paying the expenses?[/quote]

My kids and I live in someone else’s home.  I do do some caretaking and pay what is probably market rent for the two bedrooms we use but is less than what I receive in rent for my own home.  I do not expect to inherit from the person I live with.  [/quote]

So you can run your home as a business and deduct several things a homeowner cannot: mileage, repairs, etc. Clearly, you're being coy about where you currently live because who would pay far market rent AND do some caretaking without there being more to the story? Typically it would be caretaking in lieu of rent or in lieu of market rent. One doesn't take care of a landlord in a home without something out of it (relationship connection, money, etc). Perhaps the person you are caring for is paying for private school for your kid or something else (vehicle, etc.) but no one moves out of their home, rents it, moves in with a stranger to take care of them for no benefit at all, and then pays more to live in two bedrooms in someone else's home than they would in the home they already own (and take less in rent than their monthly two bedrooms cost) so they are at a loss every month...unless the story has holes that you're not filling in on purpose. [/quote]

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