[quote=flu]
It doesn’t quite work that way enron…When you rent out a house to someone else, you can deduct the mortgage as an expense but you also have to report the rental income.
However, if you rent someone else’s house, you can’t deduct your rental cost (unless your poor..And in that case, you probably can’t qualify to buy a home)…
So I’m not sure how this would be beneficial for you…Seems like a lot of paperwork to report a $0 gain.[/quote]
Oops. That is probably why this does not work. Nevermind.
