roaringbranch
Level 2

Investors & landlords

Thank you for your note, much appreciated. However, I'm frustrated with Turbotax, which guides me to identify my property as multi-family, defined as "Multi-family properties house more than one family, each family in its own separate unit." Their list of examples specifically includes duplexes! Unfortunately TT then does not actually provide a framework for entering data reflecting the reality of a multi-family property, such as differing rental days, or separate expenses per unit. Now I understand that I should enter each apartment as a single-family unit, and prorate common property expenses (such as water/sewer) between them. How can Turbotax be so clueless about this?!