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Level 5
April 13, 2022
Solved

If my client rents out a room in his house does he gave to depreciate it?

  • April 13, 2022
  • 3 replies
  • 26 views

If my client rents out a bedroom in his house does he have to depreciate it? The rest of the house are common areas.

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Best answer by TaxGuyBill

Yes.  Depreciation is not optional. 

The depreciation will be based on the space that is exclusively rental (not the common areas).

3 replies

Level 10
April 13, 2022

no

April 13, 2022

Yes.  Depreciation is not optional. 

The depreciation will be based on the space that is exclusively rental (not the common areas).

sjrcpa
Level 15
April 13, 2022

Is it really a rental?

Or does client's brother live there and chip in for household expenses?

The more I know the more I don’t know.