If my client rents out a bedroom in his house does he have to depreciate it? The rest of the house are common areas.
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Yes. Depreciation is not optional.
The depreciation will be based on the space that is exclusively rental (not the common areas).
View solution in original post
no
Is it really a rental?
Or does client's brother live there and chip in for household expenses?
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
