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First-Time Home Buyer

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Blake Sullivan
  • Contractor
  • Macomb, IL
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10
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House Hacking - Tax Write Offs and Strategy

Blake Sullivan
  • Contractor
  • Macomb, IL
Posted May 16 2022, 17:00

Hi all, 

I recently purchased my first home which is a primary residence but I am renting out a room and am reporting that rental income. Would I be able to write off expenses such as furniture, appliances, lawn care etc? Eventually I will move to a different house and this will become a full time rental but am currently living in it and house hacking to make my payment lower each month. 

Thanks for any advice,

Blake Sullivan

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