Calculating rental percentage on multi-unit building when some of theunits were not rented for the e

Discussion in 'Tax' started by Walt, Dec 8, 2014.

  1. Walt

    Walt Guest

    I own a 2 unit rental building. Both units are rented at fair market value. One of those rental units was rented all year but the other unit was rented for 10 months (January 1 - Oct 31). After this unit became vacant I did not attempt to re-rent it for the remainder of the year because I was remodeling the bath room. How do I calculate the rental percentage for the whole building?
     
    Walt, Dec 8, 2014
    #1
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  2. Walt

    D. Stussy Guest

    "Walt" wrote in message

    I own a 2 unit rental building. Both units are rented at fair market value.
    One of those rental units was rented all year but the other unit was rented
    for 10 months (January 1 - Oct 31). After this unit became vacant I did not
    attempt to re-rent it for the remainder of the year because I was remodeling
    the bath room. How do I calculate the rental percentage for the whole
    building?
    =============
    If you were remodeling either due to damage from the prior renter or to make
    it more presentable for a future renter (or to have a reason to charge more
    rent), I wouldn't worry about it and just use 100%.
     
    D. Stussy, Dec 19, 2014
    #2
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  3. Walt

    lotax Guest

    The curiosity has got the best of me. What are you going to use the "rental percentage" for? Does it reduce or maybe capitalize your deductions for the rental property somehow?
     
    lotax, Dec 19, 2014
    #3
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