- Aug 5, 2002
- Silicon Valley
How so? all business deduct expense from revenue, and this is an expense. Rent for business location is also deductible, so is the employee's salary. So is the supply and all things that is needed to run a business. For rental property, it is not really a problem because the renter's rent is not tax deductible, so it is already deducted once. If you make this tax deductible for home owner who live there, then it is never taxed. Make sense?
Originally Posted By: brianl703
Then that becomes a subsidy for landlords. Thank you.