House Hacking - Am I able to write off part of my duplex?

[Matthew Porcaro]

Hi Everyone, I'm close to putting an offer on a duplex that I am looking to 'house hack'. Now, I will need to be living in it for a while, so it will be my primary residence, but the second floor will be rented out to another family. From a tax perspective, am I able to write off the expenses and depreciation of that unit while I'm living there? Are there any tax benefits for house hacking a duplex?

Thanks!

[Logan Allec]

Yes, @Matthew Porcaro! And even people who just own a SFR and rent out a room in their house can deduct the portion of the otherwise non-deductible home expenses (utilities, insurance, etc.) to the extent that it is attributable to that room, as determined by employing some reasonable method (such as square footage or number of rooms).