Tax Tips for Living in Half a Duplex

[Paul Wiseman]

Buying my first rental property, a duplex. Gonna live in one of the units. Need some tax tips probably obvious to you but not to me. Also, would I need a separate bank account for the rental income collected? Thanks

[Andrew B.]

The best tax tip you can ever receive is to find a qualified CPA and work to maximize your deductions in advance. Too many people wait until the tax year has ended to get with a CPA.