Investors & landlords

Once the multi-family home is chosen, the next selection should be "Rented a unit in the multi-unit where I live. Next you answer the questions about the rental portion percentage of the home. You will divide to arrive at the rental portion percentage (100/3127 = 3.20%).

You do have the option of entering the correct percentage of every single item yourself, which is what you need to do if not all of the expenses are equally prorated between you.

You should enter only the Rental portion (one room) percentage of the cost when you enter the cost of the asset. Land is not needed because the room would not include any land in this rental situation.

Continue to follow the screens and you should arrive at the correct depreciation amount for the rental portion of your home.