For those without a taxhome

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My lease is up in april of next year, I wanted to know if its better to keep my stuff in a storage or get another apartment. This apt is costing me 1000 a month to keep and i am tired of it. If i dont have a tax home anymore, i would still have a permanent resident address but how will i be paid. Do you get a higher pay rate and forego the pier diem and stipend or do you take the stipend and have it taxed. I was trying to see which option would work better. thanks

Subletting is giving up your tax home.

Specializes in CTICU/CVICU.

From what research I've been doing, one must return and live at this home and must be separate and distinct from a temporary address. We have to maintain the permanent tax residence by paying rent, mortgage, room/board, something substantial. We also must either have had to live in it immediately prior to the employment or utilize the residence frequently. So you basically have to be really living there and returning to it often. Can't just use a family member's address.

I have a 2 bedroom so if I decide to keep my apartment, I may just rent out the other room and keep the apartment. It would help with the upkeep of the apartment.

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