Enter the asset in all three properties. Just use 33.33% of the cost (basis) as your cost. One of the three properties should be 33.34%.
Please see the instructions below to enter your asset:
- Type rentals in
the search bar and click search.
- Click
on Jump to rentals.
- Continue
with the onscreen interview.
- If
you get to the Rental and Royalty Summary screen, Edit the
rental.
- At
the Review Your XXX Rental Summary screen, scroll down
to Assets/Depreciation, click Start/Edit.
- On
the next screen answer Yes.
- Continue
with the onscreen interview
- On
the Did you make improvements
to XXX in 2016? screen, click Yes.
- On
the next screen you will have an option to take an annual election, if you
qualify.
- If
you do not take the election, continue to enter your roof on the Describe This Asset screen. Select Rental Real Estate Property. Click Continue.
- Enter
your information and continue until complete.
Related information:
