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.
General Landlording & Rental Properties
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 about 8 years ago, 10/29/2016

User Stats

3
Posts
1
Votes
Leslie Jerue
  • Wasilla, AK
1
Votes |
3
Posts

Question about owner occupied 4-plex and owner paying rent

Leslie Jerue
  • Wasilla, AK
Posted

Hello All,

I'm still learning the 4plex game but recently purchased a 4plex in Alaska back in March 2016 and moved into my unit in May 2016.  There were already existing tenants and I had to give one the boot to move into the unit.  Currently, I am paying rent like I always have but am curious if my "rent" counts towards the property income. If not, will it hurt me during taxes if I don't pay a month or two of my portion of the rent? For instance, I used part of my 401k for the down payment and it would be nice if I could use a portion of my "rent" to pay down my 401k loan quicker without it hurting me at tax time. 

Since I've not had to do taxes on it yet I'm not really sure how this all works.  When I've tried to research I'm not finding a lot of information. I will probably have a few more questions about how to prepare for tax time and the like so I apologize in advance.  I am also not sure if this is the correct forum. 

Thank you for any and all assistance and information.  If there are pages that would possibly answer these or future questions I'd be happy to read those before I post any further questions.

Leslie J

Loading replies...