Looking for tax savvy individuals with experience

Panama City, Florida
House Hacking
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Looking for tax savvy individuals with experience

Zach AndersonPro Member
Member since 2025 · 6 posts · 1 vote

Three questions: 

Say I'm living in my quadplex and I buy washers and dryers for all four units. Am I only able to write off 3 of those new washers and dryers because one is going to my primary residence? 

Say I'm building a fence around the property where the entire quadplex is located. Are fence materials considered a write-off? If they are, am I only able to write off 75% of the materials because technically some of that fence is fencing in my primary residence? 

Has anyone done a cost-benefit analysis, and do they save you a bunch of money on taxes? Take my circumstance, my units will be constructed in December of 2025, 3 weeks from today. Is it beneficial to complete a CBA on brand-new units? Or should I wait until they are older?

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  • Denis Um
    Realtor · Northern NJ · Member since 2021 · 19 posts · 9 votes
    11mo

    Hey Zach,

    I am not a tax professional but I am in my 2nd househack and it is my understanding that you are correct on the washer and dryers. However, with the fence I think it depends on the percentage of square footage. I believe anything that is for the whole house gets deducted according to square footage of each unit. 

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  • Zach AndersonPro Member
    OP
    Member since 2025 · 6 posts · 1 vote
    10mo

    Ok, so each duplex is 2500 sqft, meaning each unit is 1250. So, what you're saying is based on my unit size of 1250 sqft, the fence would be deducted only for the units that I am not living in? 

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    10mo

    Yes. That’s to prevent you from living in a 3200sf unit with an 800sf rental unit and writing off 50 or 100%. On the other hand if you lived in the 800sf unit all general expenses would be 80% deductible. 

    Ps. That’s assuming the value per sf is comparable between units. 

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  • Zach AndersonPro Member
    OP
    Member since 2025 · 6 posts · 1 vote
    10mo

    Got it! (And yes, all units have the same value and square footage). Thank you!

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    10mo

    Sounds like you are house-hacking which is owning a prroperty that acts both a personal residence and an investment property.

    Therefore, you have to properly account for deductions / writeoffs as either deductible or personal.

    Best of luck to you!

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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