I agree that less depreciation is better (if going to sell in the short term). I just want to confirm that the only way to allocate the depreciation for the tenant is by what they can exclusively use. So, any common areas would not be included in determining the allocation for the rental portion (it's confusing because you are renting the common areas inside the condo to the tenant as well, but the IRS only looks at exclusive use). I just don't want to take the lesser percentage (exclusive use) and then have the IRS say you should have done it a different way (allocate a higher percentage for depreciation) and recapture (?) the higher depreciation amount. Hope that makes sense. Thanks.
