House Hacking Rent by Room Taxes and Selling House

[Chris Miller]

Hello,

Long story short I bought a home 16 months ago and have rented it out by room. I have only had maybe 3 months where I was profiting above my mortgage at 350 dollars. The rest of the time has mostly been breaking even on the mortgage costs. I am also thinking of selling this home because I will no longer be living there soon and I want to focus on my family. What are the taxes going to be like on the income and is selling this going to be a nightmare?