- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Just to clarify, if I choose to go the 36%/64% route are you saying I should add the new 64% portion as an asset under the rental I already set up for the 36% previously? Or should I be setting up a new rental for the 64% (separate from the original 36% rental)?
If I'm supposed to add the 64% as an asset under the original rental (and not as a separate rental), should I add 64% of the roof as an additional asset in the original rental as well? I've already set up an asset in the original rental for 36% of the roof, so in total I'd have 4 assets under this rental: 36% of the house, 64% of the house, 36% of the roof, 64% of the roof. Is that right?
If instead I'm supposed to set up a new separate rental for the 64%, should I enter 64% of the roof as an asset under this new rental?