Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago on . Most recent reply

Owner-Occupied MFH Tax Questions
So I'm looking for a duplex to live in at least for 2-3 years. I've qualified for a 3.5% FHA loan, and have questions about what I can deduct. I own 2 SFHs so I understand the standard deductions. Can I use these standard deductions for the whole duplex property? Do I have to split these in half? Can I put this property, and my others, under a company and write-off not only the rental units but also the unit I live in for doing business?
From a more non-RE Specific place, can a self-employed individual working from home office write off housing expenses? To what extent? BTW I have an appointment with a CPA next week ;)
Thanks
Zach