dkh
Level 15
09-12-2022
03:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
you mentioned 8825 so this is rentals under either LLC or SCorp. Setting up an 8825 just for these doesn't seem correct.
If it were me, I'd allocate expenses to properties. My last choice would be to deduct on page 1 of the return.
Be sure to allocate to properties not in service if the expense (such as insurance) covers those properties.