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Updated almost 10 years ago on . Most recent reply

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15
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Brian Bower
  • Portland, OR
2
Votes |
15
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ADU Tax help

Brian Bower
  • Portland, OR
Posted

I Own and live in a SFR with an ADU(auxiliary dwelling unit) in portland or.

the Adu I rent out and have been using a 70/30 breakdown for the valuation of the property for depreciation & tax purposes( based on sq ft.)

this year I replaced the siding on the main house and Adu and painted as well (paid a contractor). 

My question is for the siding bill can I claim the whole expense because it improved the ascetic of the rental, or should I only deduct 30% to keep consistent with the depreciation %?

Thanks!

Most Popular Reply

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5,271
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,271
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Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied
Originally posted by @Jonathan Godes:

@Steven Hamilton II 

What about an expense that is a shared benefit? Roof, siding, lawn care, etc? If I don't keep the roof in good repair, we are both screwed.

 It is prorated.

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
  • Loading replies...