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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesHouse hacking my CPA says don't claim rental income
Lawrence L.'s profile image
Lawrence L.'s profile image
Lawrence L.
Pro Member
  • Rental Property Investor
  • from Bronx, NY
  • Member since Jan 6, 2008
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Lawrence L.'s profile image
Lawrence L.'s profile image
Lawrence L.
Pro Member
  • Rental Property Investor
  • from Bronx, NY
  • Member since Jan 6, 2008
Connect
Lawrence L.
Pro Member
  • Rental Property Investor
  • Bronx, NY
64
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144
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General Landlording & Rental Properties

House hacking my CPA says don't claim rental income

Lawrence L.
Pro Member
  • Rental Property Investor
  • Bronx, NY
Posted May 26 2018, 19:26

I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I don't think I'll be selling my house.  Any thoughts or experiences on this topic would be appreciated. Thank you.

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