Massachusetts Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

real estate accountant
Getting started with renting out a room in my home. Anyone know of any savvy real estate accountants in Massachusetts they would recommend? I heard if you write off deduction from the rental room on a schedule E then you have to deduct that depreciation amount when selling the house as you need to exclude that room from the personal exemption on capital gains. Looking for someone to help me navigate these nuances to maximize tax deductions while still maintaining a longer term view. Any help is appreciated.