Can you write-off any expenses of hosting an exchange student on your taxes?

I am paid a monthly amount by a local school for hosting an exchange student in my home. At year-end I am 1099'd and need to report the amount as taxable income. Can I offset this additional income tax with any write-off of expenses incurred, like for providing food, heat, water, etc.?

Can you write-off any expenses of hosting an exchange student on your taxes?
Actually, there is a deduction available under some circumstances, if you itemize. See page 152 of IRS Publication 17 under the heading "Expenses Paid for Student Living with You". If you qualify, the deduction would be itemized as a charitable deduction.
Reply:No. That's why you are getting paid. It costs about $11,000 to support a student for the entire school year according to the exchange industry's estimates. If you were a volunteer then you could deduct $50 for each month but not if you are paid. The IRS won't like that at all.
Reply:I doubt it, but check with an accountant.

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