Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Should multiple or duplex rental property entered separetly on Sch E?
Should multiple or duplex rental property entered separetly on Sch E?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
skyworks
Level 5
02-16-2022
10:04 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi,
I have been enter deplex or multiple rental units seperatly on Sch E, feels too much work.
If it is one deed, should be enter as on property?
Any thoughts would be appreciated.
Labels
2 Comments 2
jeffmcpa2010
Level 11
02-16-2022
10:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Never seen anyone set up each apartment as a separate rental.
Whole property is one rental activity, in my experience.
TaxGuyBill
Level 15
02-16-2022
10:33 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If one of the units may eventually be a non-rental (such as converted to personal use), it might be a bit easier to split things up now, rather than later. But that isn't a big deal, and you could always split it up later.
