Expenses

[Unregistered]

Client is partnership owns only rental property. Where do you put accounting fees, & state taxes paid. Does it matter where I put these expenses ----
first page of 1065 or 8225 (Rental schedule)?

[JG EA]

It matters

Everything matters. But aside from that - yes use the rental form. It will then automatically flow to passive income and you won't have any issues with SE tax.

[Bill Tubbs]

Form 8225

Put the expenses on Form 8225. After hearing the suggestion from others, I create a separate property for general expenses, then prorate the expense total to split it among the various properties.

Bill