Schedule E Basics Questions

[Jash Sayani]

Hello,

This is my first time filing a Schedule E (Real Estate income)  and had some basic questions.

1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?

2. My property manager gave me a 1099-MISC with all rental income (doesn't exclude commission, placement fee, etc). I can put the Management fees in Line 11, but should I also put the 50% placement fee on Line 11 (management fee) or is this Commission Line 8?

3. After I bought the property, I paid for electrical work, new dishwasher, new siding, new roof etc. Should this be deducted in 2017 or amortized over X years?

4. I want to claim depreciation (I understand if I sell my property for more money, there will be a tax-recapture), using MACRS (Modified Accelerated Cost Recovery System) which is Home Value - Land Value / 27.5 years. Should this amount go under Line 18?

5. I flew to the property to check it out and stayed in a hotel, etc for a few days. Can / Should I deduct this?

Thanks.