I purchased a home last July and began living there, while renting out a second bedroom in the property to a friend. I am now getting married in August, so the friend has moved out to his own place.
I've been trying to stay above-board in terms of the tax implications of getting paid rent from my roommate. So, I reported the rental income and then deducted things like mortgage interest, repair expenses, etc. You know the drill.
My question is this: Am I allowed to use repair expenses after my roommate moved out as tax deductions? If it helps, he moved out approximately June 1. I would have been happy to have him rent up until the weekend before the wedding (end of July), but logistics on his end made it much more convenient for him to move out when he did.
If I can make deductions, how long can I do so? For the rest of the year? Only until the time that I wouldn't have been renting the property, even if my roommate had staid that long (i.e., a week before the wedding)?
Thanks for the help.