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Updated about 2 years ago,

My Nguyen's profile image
My Nguyen's profile image
My Nguyen
  • Member since Jan 6, 2022
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32
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13
Votes
My Nguyen's profile image
My Nguyen's profile image
My Nguyen
  • Member since Jan 6, 2022
Connect
My Nguyen
13
Votes |
32
Posts
House Hacking

House Hack Tax Deduction

My Nguyen
Posted

Hello fellow house hackers!

This is more of a tax savvy question.

I have my primary residence and currently renting out my studio basement. Can I deduct all the expenses (materials from Home Depot) from fixing and upgrade my basement for my tenant? Also, am able to I claim full depreciation on my tax return?

Thank you in advance for your input!

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