Investors & landlords

So on the rental you are reporting income for 3 units and deducting expenses for three units.

When you set it up for depreciation you should have 3/4's of the cost set up.

When you have a general expense (that cannot be allocated to a specific unit) such as trash pickup, you take 75% of the cost as an expense.

When you have a cost that can be directly shown to one unit --such as replacing a toilet in one unit that is a rental, then you deduct 100% of that cost.

Please post a comment if I did not fully address your question.

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