MUST I take depreciation on the portion of my home that is an in-law apartment/ADU that I am renting?
Unfortunately, if it is a true rental, you must deduct depreciation. If you are renting to a friend or relative at below market amounts, it is a not for profit and you can't deduct expenses.
MUST I take depreciation on the portion of my home that is an in-law apartment/ADU that I am renting?
Unfortunately, if it is a true rental, you must deduct depreciation. If you are renting to a friend or relative at below market amounts, it is a not for profit and you can't deduct expenses.
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