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May 9, 2022
Question

Changing name of Rental Property

  • May 9, 2022
  • 1 reply
  • 0 views

I currently own a 2-family home and am occupying 1 unit (Apt 1) and renting the other unit (Apt 2).

In the last 2 years my tax preparer did not list down the apt number of the rental, so the name of the rental in schedule E (and other schedules) does not include the apt number.

However, this year I am thinking of including the apt number. Since the name of the rental does not correspond with the name used in the previous year, would this be a red flag and cause issues for my returns? 

 

    1 reply

    leeloo
    May 9, 2022

    No. It is better to be accurate late rather than never.

    Critter-3
    May 9, 2022

    Sad to say no one at the IRS cares or will even notice.  Add the number if you wish to do so.