Hi
We have a carriage house that we rent out.
It has its own Drive way.
Water and sewage are separate accounts for the carriage house, so I am going to expense them, but How do I expense
- landscaping, snowplowing, tree work (esp given its separate driveway)
- what about property taxes, home owners insurance.
It appears some blogs recommend prorating it based on square footage but I was not able to find an actual IRS guideline or article, so I just wanted to confirm.
- depreciation : any drawbacks on claiming depreciation? does it affect the main house negatively if and when we were to sell it?
