For 2022, due to the various time frames for each bedroom, you must determine the square feet for each bedroom. Then the expenses that pertain to each individual unit. Each will be different since the rental time frame various between bedrooms rented.
- Example would be Bedroom 1 square feet divided by total square feed of the home x shared expenses such as electricity, internet, gas, etc
- For Bedroom 2 & 3 after you determine the percentage of square feet divide that by 12 x number of months of rental use. Then use your result for the shared expenses
- Next enter expenses that directly relate to one bedroom or the other.
It should be handled separately for the months of use, in 2022. My advice is to enter three rentals separately by arriving at the percentage of the cost of each asset (building and land) based on the percentage of use for each bedroom. Manual calculations for 2022.
With the various time and space used, this would be the easiest to complete your tax return. Next year you will be able to enter one rental activity and will need to remove the ones you have or 2022.
Next year, if you continue to rent all three bedrooms and you are still not living in this property, you would list one rental activity for all income and expense as one unit. Track your depreciation used in 2022 (and earlier if applicable) so that you have the correct prior depreciation for your property. This will be easily found in the depreciation worksheet(s) with your return.
@Carl will add any additional information he may have for you as well.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
