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Updated over 4 years ago,
House Hacking - how do the rental taxes work?
I am 29 and looking to purchase my 1st home soon that I plan to house hack. I live just outside of DC and this is the only affordable way to buy a house in such an expensive area. I’m having a difficult time finding how rental taxes work while I’m living in the house. Will the rental income be taxed as regular income? Are their methods for reducing these taxes?
I would love to hear any thoughts / tips / wisdom!
Thank you!
Cam