I purchased my home, new, in 2006. This year, 2012, I began renting to a roommate at $500 per month. He has a private bedroom and can use any part of my home except my bedroom. Can I claim rental expenses against rental income? If so, what percentage should use.
In 2013, I plan to sell this home. Will I be required to claim a rental property gain or loss? If so, how would I calculate the loss or gain?
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