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Updated almost 3 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Blake Sullivan
  • Contractor
  • Macomb, IL
3
Votes |
10
Posts

House Hacking - Tax Write Offs and Strategy

Blake Sullivan
  • Contractor
  • Macomb, IL
Posted

Hi all, 

I recently purchased my first home which is a primary residence but I am renting out a room and am reporting that rental income. Would I be able to write off expenses such as furniture, appliances, lawn care etc? Eventually I will move to a different house and this will become a full time rental but am currently living in it and house hacking to make my payment lower each month. 

Thanks for any advice,

Blake Sullivan

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