Thank you @Carl. I think I have it set up right now. I have another question if you don't mind answering.
To recap:
I lived in a 3 bedroom home in 2022 and was renting out part of my home. I put 3 different rental assets on Schedule E, one for each Bedroom (A, B, C). I allotted proper percentages (sum for all 3 bedrooms = 100%) in order to capture the correct depreciation and I manually did the prorated calculations for rental specific expenses (repairs, supplies, maintenance etc.)
1. Bedroom 1 was rented from January-December (full year)
2. Bedroom 2 was rented from July-December (6 months)
3. I lived in bedroom 3 (Master) from January-November(11 months), then moved out and started renting the 3rd bedroom in December of 2022. So, the whole property was rented by Dec 1, 2022 to 3 separate tenants.
My question:
I had a major shower leak in the master bedroom that I occupied at the time in February 2022. It leaked into the downstairs shared common areas with my tenant. The repair/improvement(?) was completed by May 2022. I spent a total of $6,500 on the shower repair which entailed demoing tile, installing a new shower pan, replacing rotted subfloor and joist portions and retiling. The breakdown was $2000 in materials, $1000 for a Plumber, $500 for a Carpenter, and $3000 for a Tiler. Should I factor in the $6500 into the cost basis of the property specifically for my Schedule E entry for Bedroom 3 (master)? What about the other bedrooms?
Can I expense a portion of the cost of this repair/improvement(?) as part of the De Minimis safe harbor?
Thank you in advance.
