turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What asset type should be used in "Asset" worksheet under Schedule C when trying to claim bonus depreciation for an active transient accommodation unit purchase?

TT claims that SDA bonus depreciation cannot be claimed for type of property but not clear what to enter for a (legitimate) case of a short-term rental property purchased, upgraded and placed in service during tax year.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

What asset type should be used in "Asset" worksheet under Schedule C when trying to claim bonus depreciation for an active transient accommodation unit purchase?

Untitled.png

What asset type should be used in "Asset" worksheet under Schedule C when trying to claim bonus depreciation for an active transient accommodation unit purchase?

If you're reporting this on Schedule C, it would be classified as nonresidential real estate.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies