AMC10
New Member

Newly built ADU Expenses

Hi,

2 questions:

1. I build an adu on my property and am trying to enter costs of the construction under Assets in the Expenses section but I'm being asked if I made any improvements in 2024 to the adu.  How do I answer that if it was a new construction and first put into use as a rental in 2024?

 

2. I read online that I can also attribute a portion of property taxes to the rental.  Would there be any advantage of doing that vs. just claiming the taxes to my primary residence?