skyworks
Level 5

Hi,

A client keep track and report incoem & expenses for each unit  (of two family) seperately on Sch E for 2018 & 2019.

Rents, renovation and most expense  - based on each units

Depreciation, land cost, insurance and mortgage spility 50% and 50%

Should I combine the two units into one property on Sch E of  2020 return?

If yes, do we need to amend 2018 & 2019 returns?

Anyone has any experiences?

 

 

0 Cheers