Renting a room in my home

Jul 05, 2007 0 Replies

I would like to rent a room in my home.


1) Since we would have to share some facilities (kitchen bathroom, etc.), what would we do about the "exclusive use" rule?
2) Suppose I deduct home depreciation, and I later wind up selling the home and upgrading to a larger home. I would probably continue to rent out a room in the larger home. What consequences (if any) would there be to taking the depreciation?

-- Gary Burton



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