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Massachusetts Real Estate Q&A Discussion Forum
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Updated almost 8 years ago on . Most recent reply

User Stats

14
Posts
7
Votes
Billy Abildgaard
  • Real Estate Professional
  • Boston, MA
7
Votes |
14
Posts

real estate accountant

Billy Abildgaard
  • Real Estate Professional
  • Boston, MA
Posted

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.

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