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Updated over 3 years ago,
Residential Rental Property Depreciation
Can you take full depreciation on rental property as well as deduct maintenance, repairs, upgrades if you are renting out two rooms and living in a third room oaks primary residence? Are property taxes and HOA tax deductible since they are expenses
Looking to purchase a 3br/2bath condo in cash and not pay any taxes on whatever is leftover from renting out two rooms after all expenses are paid (aka deferring taxes and 1031 when necessary). Thanks!