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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.

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1 Reply
RobertG
Expert Alumni

depreciation for room rental in primary home and deductions at the time of selling

You report the sale of your home as the sale of a residence.

 

TurboTax will ask you about prior rental activity and prior depreciation.

 

 

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