Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 06/16/2021

User Stats

35
Posts
34
Votes
Sarah Davis
34
Votes |
35
Posts

Tax Strategies for House Hack + Rent by Room

Sarah Davis
Posted

Howdy all, 

I just acquired a duplex here in Austin, Texas and I'm trying to set up my books where I'm keeping track of things appropriately. I will be renting out the other side plus one room on my side. 

I'll be addressing overall large maintenance issues for the whole structure (electrical, siding, HVAC) plus cosmetic updates on my side while I'm in it (eventually switching sides to do the same for the other). 

I understand updates/maintenance for my personal residence wouldn't be considered a part of the rental business, but it's really the renting a room on my side that has stumped. 

Any broad tips or tricks? 

Taking recommendations for a CPA here in ATX who would be familiar with my situation. 

Loading replies...