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Updated over 2 years ago on . Most recent reply

Lauren N.'s profile image
Lauren N.'s profile image
Lauren N.
  • Member since Oct 5, 2022
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Lauren N.'s profile image
Lauren N.'s profile image
Lauren N.
  • Member since Oct 5, 2022
Connect
Lauren N.
3
Votes |
8
Posts
House Hacking

House Hacking- are the rents tax exempt?

Lauren N.
Posted

Hi Everyone!

I'm just learning about house hacking.  How do the finances work?  If I collect 40k in rents from the house hack in a year do I have to pay taxes on the rents first and then put it towards the mortgage?  Or is the 40k an expense and tax exempt?

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