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Updated almost 5 years ago,
Sch E Type of property - Commercial or multi-family residence
Happy Friday,
Hope others are enjoying a nice night doing taxes as well. I purchased a 6 unit property (quadplex + 2 single family houses) this summer. It is zoned mixed use - residential & commercial. I pay the county tax bill as 1 bill.
When filling out Schedule E should I claim it as:
1. 3 different properties - 1 multi-family residence and 2 single family residences
2. 1 property - commercial
3. 1 property - multi-family residence
I assume option 3 and that makes it easier to fill out, but I wanted to double check .
Thanks,
Andrew