Depreciation Airbnb and primary residence
Hi everyone,
Not sure if anyone has talked about this before, but I recently started renting my garage as an airbnb (I live in the main house), and I'm curious to know if I'm aloud to depreciate the portion of the house that is used as a rental (airbnb). Is that even possible? If so, what would the basis be for depreciation ? Is cost segregation a good candidate for this?.I would welcome any nuances on this subject.
Thanks!
Most Popular Reply
You need to take a ratio of square footage of rented space vs total sq footage of house. This is going to be a little weird as the garage was likely not part of the original square footage listed with the house as it was likely not originally heated or cooled.