Renting part of a home
You had best check out the IRS rules on mixed use property......renting it out part of the year.......and occupying it personally for part of the year....and, in this case, doing both simultaneously. Needless to say, the rent income you receive will be taxable....but, there are specific limitations and rules on what you may do....and NOT do with respect to deducting expenses
W.P. Bolash, CPA
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