Four Plex Schedule E

[Whitney Leighton]

Hi folks,

I purchased a 4-plex in January 2020 with the intention of renting one unit out as an airbnb and the other 3 as regular unfurnished long term rentals. I purchased all the furnishings to get the Airbnb unit set up, but withdrew my Airbnb application when covid hit because I didnt know how things would go. Instead, I ended up renting it out as a long-term unfurnished unit and put all the furnishings in one of the other units and rented it out as a long-term furnished rental. 

In this case, what is the best way to deduct these furnishings? 

Also, should I combine expenses for all 4 units onto one Schedule E, or do I need to create 4 separate Schedule E's for this property? If placed in service dates were different for 2 of the units than from the other 2, then I imagine all 4 would need to be depreciated separately, so I'm thinking 4 separate Schedule E's would be appropriate.