All Forum Posts by: Account Closed

@Nicole W.  So it sounds like you're rental like a multifamily but with a bedroom.  Thank you for the tip.

Thank you for the responses.

@ Anthony Dooley Thank you for your information about the 15 years off for improvements I didn’t know you could depreciate that.

@ Nicole W. What tax benefits would come about from renting out a room? I can understand the shared expenses and income.

@ Joe Holdman It is a good thing to know that rental properties you can use depreciation and interest I thought it was one or the other. In regards to the gain when selling I was planning on to hold the property, but it would be a good thing to keep in mind. I was thinking of getting a multi family home for my primary residence to get the benefit of the percentage of depreciation and having a home that I can put money towards the mortgage.

Hey guys, I got married this year and I’m trying to find my first real estate to buy. Because of the amount of standard deductions I will now get, I was thinking that taxes will be better if I get depreciation instead of deduction from the mortgage of the primary home. Does anyone know if you can get depreciation if you do house hacking? Or is the only way I can get depreciation is in a separate home?