- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
As long as the depreciation is using the same percentage of business use (20% in your case), then it is only depreciating the rental portion of your home. Often when depreciation is taken into account, rental activities become an overall loss instead of a gain.
The fact that you also live in the house does not affect your ability to claim the loss if other qualifications have been met to claim the loss.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 11, 2023
8:51 AM