Skip to main content
TurboTax
Community
TurboTax
TurboTax
S
SupremeMetalTree
Level 3
February 2, 2022
Question

New Depreciation Schedule for Roof

  • February 2, 2022
  • 1 reply
  • 0 views

How do I start a new depreciation schedule for a new roof I put on my rental property? I have worked through the rental income/expense section of of TT but don't see where I to add. I am not able to take use the Safe Harbor Rental for Small Taxpayers because the roof expense and additional maintanance/repairs last year is more than 10k. 

    1 reply

    AmyC
    AmyC
    Level 15
    February 2, 2022

    Correct. You need to enter the new roof as an asset. Follow these steps:

     

    1. Go back into your rental and go to the Review Your Rental Property Info screen.
    2. Click Looks Good
    3. Continue on the expenses vs assets page
    4. Take a look at expenses and assets page,
    5. Select improvements 
    6. Continue
    7. Here's property info page, scroll down to Not Started, select Start
    8. Continue
    9. Select no for less than $2,500 for your roof
    10. Select Yes, I made improvements
    11. Continue
    12. Select No to do all 3 apply?
    13. Continue
    14. Describe this Asset, select Rental Real Estate Property
    15. Continue
    16. Select Residential Rental Real Estate
    17. Continue
    18. Tell Us About This Rental Asset page, fill in
    19. Describe ROOF
    20. Cost, enter amount paid
    21. Date installed
    22. Continue
    23. Select I purchased this asset new
    24. Select Yes 100% of the time for this business
    25. Enter date installed again
    26. Continue
    27. Asset summary, click show details to confirm your 27.5 year roof.

     

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    S
    SupremeMetalTreeAuthor
    Level 3
    February 3, 2022

    Ok, got it. Thanks for the assistance. 

    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Explore your options
    Terms & ConditionsAccessibility statement
    Sitemap
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2026 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    About Cookies Manage cookies

    TRUSTe nResult Certified e-File C-Level Security Certification
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Copyright © Intuit Canada ULC, 2026. All rights reserved.

    About Cookies Manage cookies Privacy setting

    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

    © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

    À propos des témoins Gérer les témoins Privacy setting