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Updated over 7 years ago,
real estate accountant
Getting started with renting out a room in my home. Anyone know of any savvy real estate accountants in Massachusetts they would recommend? I heard if you write off deduction from the rental room on a schedule E then you have to deduct that depreciation amount when selling the house as you need to exclude that room from the personal exemption on capital gains. Looking for someone to help me navigate these nuances to maximize tax deductions while still maintaining a longer term view. Any help is appreciated.