I own a home, and my boyfriend lives with me. We agreed he would pay rent similar to what it'd cost to split a cheap apartment in the area, but he has only paid a very small amount, less than what his half of the utilities would be. I just did my taxes as normal and didn't put anything about "renting" the place since I didn't really collect any rent, but another question made me wonder if that was a mistake. Could I claim it as a rental even if he's not really paying rent, and deduct things like repairs and depreciate the property and things like that? Is it even worth looking into, or would it be pointless because the deductions are limited to the income I made or something like that?
Can I deduct expenses such as repairs, if I'm charging but not receiving rent? (i.e. the rent is in arrears; I am owed a lot of rent.)