Business overhead expenses on a Schedule E

[Jeremy Zindel]

Just wondering what the correct way is to handle business overhead expenses for my rental properties when it's time to account for those expenses at tax time? (i.e. cost for business PO box, Quickbooks, miscellaneous office supplies, RE license fees, LLC annual fees, etc.) Do you just divide the costs up evenly between your Schedule E's for each property or is that not how it is supposed to be done?

To further complicate the initial question, how would you handle an expense that had to be capitilized, say a new computer for example. Would you split the total cost up as separate 5-year property depreciation line items on each of your Schedule E's?

I have an appointment to meet with a CPA coming up but I was curious if anyone out there had any input so I can be a little more educated when I go in for that meeting. Thanks!