Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 6 years ago,

User Stats

4
Posts
2
Votes

Tax question on duplex house hack!

Posted

Hello all! 

Currently in the process of renovating our first rental property.  The property is a duplex in MN. We currently have one side rented out and are finishing up renovating the other half.  

We haven't had much experience with the taxes involved with rental properties, but are trying to optimize our potential deductions. Our question is, to be able to deduct our renovation expenses on the one half of the duplex, would we need to have that rented out by the end of the fiscal year? Or would it be possible to move into that unit while we renovate the other half?

Just trying to get our game plan figured out, any advice helps! 

Best, 

Sam 

Loading replies...