Knowledge Base
Print

Can I rent out half a duplex or a room in my house?

By Jason Watson (Google+)

Yes. We split things up based on common and dedicated spaces. Things can get a little tricky when you sell the property since a portion was investment and subjected to depreciation recapture and capital gains taxes, and the other portion is exempted since it was your home. We’ll sort everything out and perform the mental gymnastics to provide the best tax consequence.

Previous Can I deduct the purchase of my cell phone or tablet?
Next Do rental properties offer good tax sheltering?
Table of Contents