Multi family expense allocation

tobinbernie2 — Sat, 01 Jun 2019 03:06:46 GMT

If I own a duplex, can I assign all expense to one unit or do I have to divide by the number of units?

It depends on how you have the property listed. If you h...

Patrice — Sat, 01 Jun 2019 03:06:48 GMT

It depends on how you have the property listed. If you have it listed as one single property (for example 123 Main Street Unit A&B City, state, zip) then you would assign the expenses as one unit especially if the property is deeded as a single parcel. If you list the property as 2 different properties (for example 123-A Main Street and 123-B Main Street) then I would recommend that you separate the expenses and assign the expenses accordingly.

topic Multi family expense allocation in Deductions & credits

Multi family expense allocation

It depends on how you have the property listed. If you h...