House hacking a single family - how will my taxes change?

House hacking a single family - how will my taxes change?

Durham, NC · Member since 2019 · 16 posts · 11 votes

I have room mates that will be helping to cover the mortgage and expenses.  I assume I will need to declare their payments as rental income even if I will not be making a profit from it.   Are there any good resources out there that address the legalities and taxation parts of house hacking?

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