When entering in rental information such as income and expenses, on a multifamily property should I do this separately for each unit, or together for the entire property?
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When entering in rental information such as income and expenses, on a multifamily property should I do this separately for each unit, or together for the entire property?
I lean towards together for the entire property, because the property tax, mortgage interest, etc. is for the entire unit.
When entering in rental information such as income and expenses, on a multifamily property should I do this separately for each unit, or together for the entire property?
If you are depreciating the property as one unit it would be best to enter the income and expense as one unit.
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