We have been renting the garage to a guy for storage and have $1250 in income for 2019, and have put about $30,000 into materials and labor for improvements.Does the $1250 in gross rents go on both line 1a of 1065 (Gross receipts or sales) and on line 2 (Gross Rents) of the 8825 report for our property?

Specifically with a 2 car garage, carport or storage space that can be converted into another 1-2BR unit.

(C) (i) Multiple accessory dwelling units within the portions of existing multifamily dwelling structures that are not used as livable space, including, but not limited to, storage rooms, boiler rooms, passageways, attics, basements, or garages, if each unit complies with state building standards for dwellings.

You can buy SFR, multi family, a commercial property, storage units, vacant ground, whatever the banks guidelines will allow.

Location = no appreciable difference between PF, GB, or in between.  

Alternatively I could turn the garage into my business storage & "office" as a write off against my rental taxes.

We dont have any storage or garage to put our stuffs (and we dont have that many stuffs).We sold our duplex 6 months ago (made about 80% ROI) and used it to buy a single home up there.

My wife and I just moved from overseas and our household belongs are in storage now for up to 180 days  paid for by the military.

There is power running to the building but it’s being used for storage so the power bill is very small.

Hi @Shefali Rai,We analyze self-storage, mobile home park, and multifamily operators/syndicators and deals every week and we have a list of 26 items we look at.