Real Estate Tax Benefits While House Hacking?

[Kristopher Kelly]

Hello all,

My name is Kristopher Kelly and I am new to this real estate world. I have just bought my first house hack and have read 10+ books on everything real estate. The reason I bring up the "reading of the books" is because I was wondering with all these tax benefits is it possible to capitalize on them while house hacking. Would I just quit claim into an LLC and I'm good to go or is it not possible to live in a rental property and use the tax benefits as well (claim depreciation etc.). Even if I'm stupid and this post does not make sense, does anyone know if you can set yourself up for any tax benefits while house hacking, or would I have to move out completely to be able to claim these benefits? Also, does anyone know how a quit claim works with a VA loan is it any different? If anyone has any suggestions besides what I am trying to accomplish I would greatly appreciate that as well. Thank you in advance- Kristopher Kelly (Newbie Investor)