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Updated almost 5 years ago on . Most recent reply
Tax Deduction Rental Rooms
I moved out my 4 BR home in late 2017. Purchased new home different city. Beginning Apr 2018 I began renting out 2 of 4 BRs in old home. How do I handle tax deductions? I visit the property occasionally for personal reasons, but mostly to address maintenance issues and finish cleanout.
How do I handle income & tax deductions? Is this a rental property or second home ? Do I need to account for personal days spent there ?
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Eamonn McElroy
#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
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- Atlanta, GA
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
"Beginning Apr 2018..."
How did you handle it on your 2018 returns?