Mortgage payment - can I deduct for Airbnb? I also use it as WFH office. I feel like this is more complicated than rejected or accepted
Joshua • Multi professional
In General, only the interest portion for certain types of loans are tax-deductible. This includes the interest on business vehicle loan, Home mortgage interest, student loan interest, and the interest on some business loans. If you use the office exclusively and regularly for administrative or management activities of your trade or business then you can claim Mortgage interest, Utilities, House repairs and maintenance, Home insurance, home depreciation etc. as home office deduction.
Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.