ColeenD3
Expert Alumni

Investors & landlords

Yes, if I follow your logic.

 

APT 1-Rental : 1/3 of the value can be depreciated and 1/3 of common expenses are allowed.

 

APT 2-Personal : Only 1/3 of mortgage and property taxes allowed on Schedule A.

 

APT 3-Mixed Use : Count days and prorate expenses.