taxes with house hacking

[Elliott Back]

I have a situation that I am curious about. If i have a duplex and it has a mortgage of 1000/month and I am able to rent out one side for 1000/month and I live in the other side, would i pay taxes on that 1000? If i rent it for 600/month and i pay 400, would i pay taxes on that 600. if i rent it for 1200, would i pay taxes on the full 1200? the 200 after the mortgage? Any advice would be greatly appreciated