Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

104
Posts
32
Votes
Brian Nordman
  • Oregon, IL
32
Votes |
104
Posts

Possible Tax Benefits for House Hack?

Brian Nordman
  • Oregon, IL
Posted
So I just had an offer accepted today on a 2 bedroom 2 bath SFH. I have a friend who is going to be renting out the second bedroom from me. I know when you live in one half of the duplex and rent the other you're able to take half of all maintenance expenses as deductions as well as half the interest expense and so on. Is the same able to be done even if the unit is a SFH? My hope is that I can still take half of all these deductions on my tax return for next year as well has deduct half of the depreciation expense incurred from the rental income to offset my taxable income. Is anyone aware if this is possible and legal?

Loading replies...