House Hacking
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Updated about 2 years ago,
Does this count as house hacking?
I may have a house hacking opportunity with my primary residence. My sister and I are currently owners of a condo (2 bed 2 bath) and the plan is when I move away my sister will stay at the condo and her bf will move in and pay me rent ($950). I plan to use that rent to pay off home expenses and pocket the rest. We want to make small cosmetic changes to the condo as time goes on. Does that count as house hacking and would we be able to get tax benefits?