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Updated over 5 years ago,
House hack questions
I have a house hack that’s a main house with two guest houses. I’m living in one of the guest units and renting out the other two. My question is how do homestead exemptions, tax deductions for repairs, and depreciation (3k a year for rentals) work since it is considered single family but I’ll be renting part of it? Any tips and advice are also welcome since this will be my first house hack. Thanks in advance!
In TX by the way