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June 1, 2019
Question

Multi family expense allocation

  • June 1, 2019
  • 1 reply
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If I own a duplex, can I assign all expense to one unit or do I have to divide by the number of units?

1 reply

June 1, 2019

It depends on how you have the property listed.  If you have it listed as one single property (for example 123 Main Street Unit A&B City, state, zip) then you would assign the expenses as one unit especially if the property is deeded as a single parcel.  If you list the property as 2 different properties (for example 123-A Main Street and 123-B Main Street) then I would recommend that you separate the expenses and assign the expenses accordingly.