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Can I rent out half a duplex or a room in my house?

Article ID: 61
Last updated: 16 Oct, 2012
Revision: 3
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By Jason Watson ()

Yes. We split things up based on common and dedicated spaces. Things can get a little tricky when you sell the property since a portion was investment and subjected to depreciation recapture and capital gains taxes, and the other portion is exempted since it was your home. We’ll sort everything out and perform the mental gymnastics to provide the best tax consequence.

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