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depreciation for room rental in primary home and deductions at the time of selling
Hello,
I have been renting rooms in my primary home to long term and/or short term tenants. Since certain percentage of the house is being rented I am also claiming depreciation for certain percentage of the house as well as bathroom remodels for the rental.
Now my question is, hypothetically, if I want to sell my house how do you file taxes for the depreciation already taken vs any improvement done to the house?
Thanks in advance for your response.
Topics:
March 7, 2020
4:21 PM