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house hack Duplex, how to handle improvements on my side
I recently bought a duplex that Im house hacking, living in one of the units. its a fixer upper and both units need considerable work. at some point in the future, I'll move out and rent the unit Im living in. ive searched, without getting a clear answer, how to handle improvements to my unit. obviously at this time no expenses can be deducted, but once its converted to a rental unit, can any of the costs for improvements then be taken over time as depreciation? curious if there are smart tax strategies to get the most out of improvements? thanks!