Rental Property Startup expenses - Partnership

[pmw0813]

I have startup expenses for a rental property inside a partnership (cleaning, interest prior to rental, etc).  Law says max $5000, and amortize rest.  Turbo Tax only shows startup expenses at the top level of the partnership, not at the property level.  How do I accomplish this at the property level to setup the amortization schedule, etc.

[AliciaP1]

Start-up costs and organizational costs are for the creation of the business as a whole, not for a "division" of the business.

Per IRS Publication 535:

Start-up costs include any amounts paid or incurred in connection with creating an active trade or business or investigating the creation or acquisition of an active trade or business. Organizational costs include the costs of creating a corporation or partnership.

The costs you are listing are either costs attributable to the rental asset operations or improvement costs to be capitalized and associated with the asset, whichever is appropriate for the specific type of expense.

[pmw0813]

I agree with your statement.  What I need to know is how to tell Quicken to create a 2nd amortization table for these costs, since they are not at the 27.5 yr of the primary asset.  I think they are supposed be at yr.