Mark163
Level 2

Hi all,   

I have long been thinking this question, is it really necessary to separate rental expense for each property on form 8825?  The reason I'm asking this question is because many of our clients don't want bother to keep separate bank account for difference property and lump income and expense for different property all together without any kind record to track which expense is for which property. It's really a headache for me to try to allocate those income and expense properly.   On the other hand, I don't see is there any difference if i separate the expense or just pool them together and put only one property address on form 8825. Of course I did separate the property basis because it will be needed when the property is disposed. But how about other expense?  Any thoughts is greatly appreciated.  

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