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Updated about 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Dillon Black
  • Accountant
  • Schererville, IN
1
Votes |
6
Posts

Tax Deductions, depreciation on House Hack?

Dillon Black
  • Accountant
  • Schererville, IN
Posted

Hello everybody, so I spent some time trying to figure this out, but I'm hopelessly lost. 

What are the tax benefits or disadvantages of house hacking and living in one unit of a duplex, as opposed to renting both units out? 

Will I be able to deduct more depreciation, insurance, and interest one way or another? 

Thanks so much for taking the time to look, any answers would be much appreciated!

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