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Tax, SDIRAs & Cost Segregation

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James Quillen
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Tax implications when living in the property

James Quillen
Posted Jan 26 2022, 11:51

I'm trying to figure out the tax implications of the househacking method. I will be living in the basement of a property I just purchased and renting out the main house. Are there any differences from a tax perspective since I'm living in the house as well? My main foci are depreciation and my ability to write off tools and repairs used to repair and/or improve the property.

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