Living in one unit of a duplex
Varies
Can You Write Off Living in One Unit of a Duplex?
Short answer: Split costs by unit: the rented unit's share of mortgage interest, taxes, insurance, repairs, and depreciation goes on Schedule E; your unit's share is personal.
Repairs to only the rented unit are fully deductible.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Living in one unit of a duplex
Varies
Real Estate / Landlords / Property Managers / Agents
Split costs by unit: the rented unit's share of mortgage interest, taxes, insurance, repairs, and depreciation goes on Schedule E; your unit's share is personal.
Business justification
Split costs by unit: the rented unit's share of mortgage interest, taxes, insurance, repairs, and depreciation goes on Schedule E; your unit's share is personal. Repairs to only the rented unit are fully deductible.
Category
- Rental Property Write-Offs