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Updated over 3 years ago, 05/22/2021

User Stats

9
Posts
4
Votes
Micah Young
  • Rental Property Investor
  • St. Louis, MO
4
Votes |
9
Posts

House Hacking Taxes

Micah Young
  • Rental Property Investor
  • St. Louis, MO
Posted

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


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