Ask A Travel Nurse: Can I rent out my Tax Home? - The Gypsy Nurse

By The Gypsy Nurse Staff

June 23, 2019

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Ask A Travel Nurse: Can I rent out my Tax Home?

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travel nurse tax home
Can I rent out my travel nurse tax home and still receive housing stipend?

The short answer is YES. However, there are additional considerations you should be aware of if you are attempting to use the tax home as a qualifier for ‘duplicated expenses’ for tax-free stipends. If you are receiving tax-free housing stipends you need to have a residence available for personal use in the area of your tax home. Once you have rented out your house, it is no longer your residence, but a business property.

ADDITIONAL TRAVEL NURSE TAX INFORMATION

As a Travel Nurse, Can I rent out my tax home and still receive housing stipend?

Answer:

Tax Home:  Understanding the tax-home can be very daunting.  There are several articles on this topic and it’s always recommend if you have questions, contact the expert: TravelTax

According to TravelTax:

Generally you need to have a residence available for personal use in the area of your tax home, once you have rented out your house, it is no longer your residence, but a business property. However, here are a few options if you get the urge to become a landlord.

  • You rent it out, and lease other accommodations somewhere in the same metropolitan area for yourself. This essentially turns your ex-residence into a business venture, regardless of profit or loss.
  • You rent it out, but retain a portion for personal use, NOT just storage. (This could be done in the case of an in-law apt, or renting to friends/family who you know well enough to stay at the house in between assignments.)
  • You rent it out as a vacation rental. This is great for those who live in tourist areas. You are allowed to rent it out completely for part of the year while you go off on assignment. Because the lease is for less than a year, and you are occupying it the rest of the time, it qualifies, and you can still keep your reimbursements tax free.
  •  

 See more at: TravelTax.com  and check out the TOP 10 Questions for Travel Nurses on Taxes

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