Client rents 2 rooms in home. One for entire year of 2018, the other for 9 months of 2018. Tenants have no use of any area other than bedroom and their own bathroom. Divided home expenses based on square footage last year. This year how do I handle this with a second room rented mid year. Do I report on two different Sched E or can I combine and take full year of depreciation for both rooms?
Announcement
Collapse
No announcement yet.
2 rooms rented in home
Collapse
X
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment