Hello everyone,
I have a question regarding my three-family house. I currently reside in one of the units, and the other two units were rented out for 10 months of the year. In addition to this, I have a house meter that measures the utility usage for the hallways.
Recently, I conducted repairs in both of the rented units, and I'm uncertain about the best approach for reporting these repairs. Should I enter the taxes individually for each unit, taking into account their rental status? how should I accurately handle depreciation when using TurboTax?
Any insights or advice on this matter would be highly appreciated. Thank you in advance!"
