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Updated almost 2 years ago on . Most recent reply
Depreciation On House Hack Primary Residence
Hello fellow investors,
I'm currently house hacking, renting out my basement (around 740 sqft). Can I claim depreciation on this property since it is my primary residence? I bought this house in August 2022, only live here for 6 months.
Thank you in advance for your input!
Most Popular Reply
+1 all great advice here. I did the same thing. I had a guest unit & the main house, so I did a square ft split for expenses. The guest unit was 252 square feet. Main house 1676, so I deducted 1676/1928 of expenses as business expense.
Talk to a CPA! They'll know best.