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allocation percentages of expenses for STR within my residence
Hello
I have a short term rental at my primary residence. When the CPA did my returns previously, it shows 16,5% depreciation of the initial cost of the property and the points (based on square footage). But we allocated 50% of the utilities to the rental, and 100% of one of the insurance policies (which was just for the rental). Will I be able to allocate different expenses by different percentages with this software? Or am I going to be limited to allocating every expense by the 16,5%?,
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‎February 25, 2025
5:31 AM