topic Re: Cost segregation duplex in Get your taxes done using TurboTax

Cost segregation duplex

am120 — Wed, 30 Oct 2024 22:36:03 GMT

I live in a duplex as a primary residence. Can I do a cost segregation the unit I do not live in? That unit Willie an airbnb. plan to make

Re: Cost segregation duplex

Juliane22 — Wed, 30 Oct 2024 22:47:11 GMT

Hi am120!

Yes, you can allocate your expenses for the duplex based on square footage. If they are the same size, you would just deduct 50% of mortgage interest, property tax, etc. for the airbnb.

Re: Cost segregation duplex

am120 — Wed, 30 Oct 2024 23:05:07 GMT

For a duplex, Can I have one unit that is short term rental and the other long term? Will they depreciate the same?

Re: Cost segregation duplex

Juliane22 — Wed, 30 Oct 2024 23:13:25 GMT

You can rent them both out, one as short term and one as long term. They would be treated separately on your tax return and depreciation would depend on how many days the short term rental is rented.