House Hacking Tax Tips & Reporting Income
I've been house hacking for over six years-- it's been a great source of side income for me and I've hit a wall when it comes to increasing my loan pool due to my debt to income. My loan officer says I need to report the income I've generated from renting rooms in my home to qualify for a third mortgage.
What advice do you have as tax deductions for the reported rental income? Any apps, forms, PDF/excel templates, or even connections in the PDX/Vancouver area who are RE accountants are welcomed and appreciated!