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Old 02-04-2005, 09:26 AM
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Join Date: Feb 2005
Location: Nebraska
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Question

2 state residences

What is the name of your state?What is the name of your state? Nebraska

I live in Nebraska but am employed in Iowa. It is 134 miles, one way, to my place of employment from my primary residence.

In order to save money(high rental costs), I bought a second residence nearer to my place of employment. I reside there from Monday thru Friday and return to my primary residence on weekends as workload allows.

My question(s) follow:

What deductions are available to me as far as living expenses, travel expenses, ownership costs related to my second residence?
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Old 02-04-2005, 10:26 PM
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Join Date: Aug 2003
Posts: 1,848
You can only claim mortgage interest and property taxes on your second residence, nothing else, unless this is a temporary job, or you have two jobs.

If you just decided to work 134 miles from home, it's still commuting, which is not deductible, nor are any other associated expenses.

Snipes
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This post does not create an agreement to represent you before the IRS, nor does it invoke confidentiality regulations. Postings are based only on the information provided and you should consult a tax professional in your area before relying on information contained in this post.
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