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Updated 12 months ago on .
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Cost Segregation on Primary Residence if renting out the basement
I live upstairs in a primary residence and have just started renting out the basement. Can I get cost segregation depreciation on the % of the house that is rented out?
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
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I would speak with a CPA before going with your stategy.
Rental losses on a owner-occupied SFH rental may be limited(even if you qualify for real estate professional status).
But if your question if can I do a cost segregation...the answer to that is yes...
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Basit Siddiqi CPA
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