It would probably be simpler to assign a portion of the cost of the assets to each rental reported on the Form 8825's. For instance, if the asset costs $10,000 and the use is equal between the two properties, enter the asset as costing $5,000 to be reported on each Form 8825. It is OK to take the section 179 if available, but it won't be deductible until you have positive net income generated by the properties.
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