I have a 3 family building whose occupancy was as follows for 2018. How should I prorate the expense deductions and depreciation schedule?
Unit #1 Available for rent January 1. Rented on April 20th.
Unit #2 Available for rent January 1. Gave up trying to rent it May 2018. I took over residence of the unit on December 1, 2018.
Unit #3 Available for rentJanuary 1. Gave up trying to rent it May 2018. Started gut renovation on unit sometime in October 2018.
The units are all somewhat old and need a lot of TLC. That's why they were difficult to rent to credit-worthy tenants.
