Can we claim a tax deduction when married & living in 2 different cities?

Question

CAN WE CLAIM A TAX DEDUCTION FOR LODGING IF MY HUSBAND LIVED IN A DIFFERENT CITY OTHER THAN OUR HOME OF RESIDENCE FOR 9 MONTHS LAST YEAR FOR HIS JOB?

Answer 1

If he is employed by a company that required him to be gone for 9 months & they didn't foot the bill, he needs a new job - yesterday. They sound like serious cheapskates! Beyond that, up to 2% of your income can be deducted as "unreimbursed employee business expenses". See the website below for a discussion of what qualifies.

Answer 2

If his presence was a temporary job assignment at the direction of his employer, that is deductible as an Employee Business Expense on Form 2106. Only the costs that were not reimbursed by the employer are deductible. It's also subject to a 2% AGI limitation and only if you itemize your deductions.

If he simply took a job in a distant city, he might be able to deduct moving espenses if he worked there for at least 39 weeks after arrival at the new job location and it was more than 50 miles beyond his former commuting distance. He could only deduct temporary lodging for 30 days however as part of the moving expense deduction.

Answer 3

you could lease out a dozen. Or 50. sure, the activity is deductible yet no longer on time table A. those properties are not to any extent further your ordinary or 2nd properties, they're funding properties. once you lease out belongings you document the condominium earnings and expenditures on time table E. that is composed of the own loan activity and belongings taxes on the condominium properties. you furthermore could deduct coverage, condominium agent commissions, belongings administration fees (i motivate you to get a belongings supervisor in case you would be an absentee landlord, some jurisdictions require it), upkeep upkeep, depreciation, and so forth. there isn't any cut back on the kind of condominium properties which you're able to have. i could urge you to seek for suggestion from with a interior of sight CPA or EA to get your bookkeeping set up suitable. Pay specific interest to the depreciation schedules! Depreciation is undertaking to recapture once you sell and blunders at present can get very high priced some years down the line once you sell. you furthermore could want them to describe the passive loss difficulty policies and the lively participation policies. back, blunders right here could nicely be incredibly high priced. Tip: booking the suitable to approve all tenants and considerable expenditures for upkeep meets the lively participation attempt whether you hire a belongings supervisor. this could preclude money! you could document a joint return as quickly as you're married. you could document distinctive condominium properties on a unmarried time table E. you will ought to apportion the own loan activity and belongings taxes between Schedules A and E contained in the year which you exchange the valuables to condominium use. the different expenditures incurred formerly the conversion are no longer deductible on the two time table A or time table E yet considerable upkeep or renovations ought to be considered in figuring your adjusted fee foundation. you furthermore could ought to get a suitable appraisal from an authorized actual belongings appraiser close to to the time which you exchange it to condominium use. (in case you exchange back to private use, get yet another one at that element as nicely.)

Answer 4

im sure your husband's employer paid for these lodging costs. therefore, they would not be deductible.