skyworks
Level 7
01-12-2021
09:14 PM
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Hi,
A client keep track and report incoem & expenses for each unit (of two family) seperately on Sch E for 2018 & 2019.
Rents, renovation and most expense - based on each units
Depreciation, land cost, insurance and mortgage spility 50% and 50%
Should I combine the two units into one property on Sch E of 2020 return?
If yes, do we need to amend 2018 & 2019 returns?
Anyone has any experiences?
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