Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on .
Most recent reply
presented by

Tax deduction questions for multifamily vacation home.
We recently purchased a vacation home that has a mother in law suite with a full time tenant paying rent. We share some utility bills and maintenance costs (plowing, yard work) with the rental unit. How will deductions work for those expenses? Should it be divided 50:50? Is the split based on square footage? Is there any consideration for the fact that we will be using a smaller percentage of those services since we will only be staying at the property sporadically vs full time like the tenant? We are definitely looking for a tax person to "officially" handle these issues come tax time but I was curious how you guys/gals would handle it.