Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago,

User Stats

16
Posts
6
Votes
Shawn C.
6
Votes |
16
Posts

Expense deductions for 1 Bed/1 Bath in Single-Family but for only 6 months

Shawn C.
Posted

I've calculated the tenant-occupied vs. owner-occupied ratio and understand that for expenses that are for shared areas, that ratio would be applied at tax time to deduct. 

However, if it's only for 6 months out of the year, could anyone advise how that would work?  Using this as an example:

Fixing plumbing that impacts shared /common areas = $1,000.

Tenant-occupied area is 40% so deduct $400?  But since it's only 6 months, does this then have to be divided by 2 for the entire tax year?

Is it the same for depreciation? Hoping to get an idea before appointment with CPA.

Thank you.

Loading replies...