Posted by Pam on April 25, 2005 at 16:10:46:
I rent out the second bedroom and bathroom in my principle residence, a condo. I claim the income, deduct the expenses, and depreciate half the unit. When I go to sell, will I receive the $250,000 exclusion because it is my primary residence? Will I have to recapture the depreciation since it is also a rental? How does the IRS treat this kind of situation?