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Can I record a Triplex Rental on 1 Sch E or does it need to be 3 with prorated shared expenses like mortgage interest & property tax?

CVTS
Level 3
 
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TAXOH
Level 11

I would do it as 1.

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7 Comments 7
TAXOH
Level 11

I would do it as 1.

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CVTS
Level 3
Thank you.
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Just-Lisa-Now-
Level 15
Level 15
If it can only be sold as 1 single property, I'd put it all on 1 as well.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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CVTS
Level 3
Appreciate the help.
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TaxGuyBill
Level 15
I would do it as one UNLESS the taxpayer is considering moving into one of the units and/or having family live in one of the units (who won't pay Fair Rental Price).
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TAXOH
Level 11
You're welcome.
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CVTS
Level 3
TaxGuyBill good point - thank you.
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