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Owner occupied duplex depreciation.
Owner occupied duplex depreciation. Throughout the rental section, I manually prorated all the expenses, utilities, etc for the rental unit. 52% based on square footage. In the depreciation section, do I input the full cost of the duplex and the business percent as 52? Or input 52% of the duplex cost with the business percent as 100?
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June 6, 2019
3:33 AM
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Deductions & credits
Either way should give the same results.
For no particular reason, I think I would enter 52% of the duplex cost with 100% business usage.
June 6, 2019
3:33 AM