First, verify if you're using the online version of TTX or the CD/dowload version you installed on your computer.
I noticed you mentioned that common areas can’t be used in calculating the % of rented space since it has to be exclusively used by the renter. My question is should/how would I restructure the % of rental space of each “asset” after moving out myself to incorporate common spaces shared by all 3 tenants?
The property became 100% rental on the date the 3rd bedroom was "available for rent".
On that date, the remaining percentage of the house is converted to rental use. So for example, you may have bedroom 1 at 10% and bedroom 2 at 10% with each starting on a different date in 2022. Say, Jan for 1 and July for 2.
The remaining 80% was rented out in Nov. So you'll have 3 rentals entered on the SCH E, each with a different start/conversion date, and there percentage of use will add up to 100%. the tricky part is, not all three were rented 100% of the time.You'll see three rentals listed on the SCH E, with one under each lettered column, A, B, and C.
Are you aware of the "problem" TTX has with this, as well as the solution to that problem? If so, I won't bore you with the details. Otherwise, understand it's important - or your first year depreciation "WILL" be dramatically wrong.
Assuming the property remains 100% classified as a rental in 2023, you'll deal with 2023 a bit differently. But don't bother with those details at this time, as you're looking at a year down the road. I can give you details if necessary or desired, "after" the 2022 stuff is all taken care of, so as to avoid the chance of confusion from information overload.
