G
G Burton
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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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
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>