Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on .
Most recent reply
presented by

House Hacking Taxes
Greetings, I have seen questions about house hacking taxes before, but none that have answered this specific question:
I am filling out the depreciation section of the Schedule E.
The property is a four family, I live in one. I understand that I cannot claim depreciation on my own unit. My question is, how do I answer the following question?
Enter the number of days the property was rented at fair rental value
___________________
Enter the number of days the property was used for personal purposes
___________________
We owned the four family for 164 days in 2020, so if we answered the questions literally, I would say 164 for both. However, many people on here have stressed the importance of 15 days.
Do I just answer 164 for each question of is it something more complicated? Thanks
Most Popular Reply

- CPA, CFP®, PFS
- Florida
- 3,170
- Votes |
- 3,880
- Posts
Originally posted by @Micah Young:
Greetings, I have seen questions about house hacking taxes before, but none that have answered this specific question:
I am filling out the depreciation section of the Schedule E.
The property is a four family, I live in one. I understand that I cannot claim depreciation on my own unit. My question is, how do I answer the following question?
Enter the number of days the property was rented at fair rental value
___________________
Enter the number of days the property was used for personal purposes
___________________
We owned the four family for 164 days in 2020, so if we answered the questions literally, I would say 164 for both. However, many people on here have stressed the importance of 15 days.
Do I just answer 164 for each question of is it something more complicated? Thanks
If this is quadplex, you don't have personal use on the units you rented. So just put down the days the other units were rented.
- Ashish Acharya
- [email protected]
- 941-914-7779
