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Updated almost 10 years ago on . Most recent reply
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ADU Tax help
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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Originally posted by @Jonathan Godes:
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.