House Hacking - Am I able to write off part of my duplex?

[Matthew Porcaro]

Hi Everyone, I'm close to putting an offer on a duplex that I am looking to 'house hack'. Now, I will need to be living in it for a while, so it will be my primary residence, but the second floor will be rented out to another family. From a tax perspective, am I able to write off the expenses and depreciation of that unit while I'm living there? Are there any tax benefits for house hacking a duplex?

Thanks!