Solved: Thanks Coleen. Do I need to split the utility expenses (e...

How to set up an Owner Occupied Duplex Purchase

g-k- · Jun 3, 2019 12:42:07 PM

How do I enter an owner-occupied duplex in TT? I bought the building in 2018 and live in one unit while renting out the other. So I need to set it up in TT such that the rental unit and my unit are defined correctly with the appropriate depreciation going to the rental.When you set up a new rental property, you enter the purchase price, escrow fees etc. that was paid for the entire building (rental+owner unit). How do you adjust those amounts so that the correct depreciation amount is applied to rental and self-occupied units? Some guidance will be much appreciated. Thanks,