Income & Expenses When House Hacking

[Valerie King]

When house hacking, my understanding is that an LLC or business entity isn't possible, which makes perfect sense. Of course, you're still making money off of the other unit(s).

• Just want to confirm that you report that income at tax time and that's it, right? 
• My other question is: Do the repairs and expenses associated with the other unit(s) in the property count as tax breaks even though there is no business entity?