Can I deduct new trees and landscaping from my rental house.

Forum|Forum|5 years ago
February 22, 2021
1 reply
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Can I deduct landscaping from a rental property?

TurboTax Premier Online

Best answer by AlanT222

Capital improvements, like new or upgraded landscaping, irrigation, a sprinkler system, that add to the value of your rental property, prolong its life, or adapt it to new uses must be depreciated over a period of time rather than deducted as a current-year expense.

In other words, if you spent $8,000 on landscaping last year, the IRS won't let you deduct the entire $8,000 from last year's rental income. Instead, the $8,000 must be depreciated, which means you deduct it over a period of time instead of all at once.

To enter your rental improvements, simply follow the directions to enter your rental income and expenses. At some point, you'll come across the Rental Summary screen. Select Start next to Asset/Depreciation and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.

A

AlanT222Answer

Level 15

Capital improvements, like new or upgraded landscaping, irrigation, a sprinkler system, that add to the value of your rental property, prolong its life, or adapt it to new uses must be depreciated over a period of time rather than deducted as a current-year expense.

In other words, if you spent $8,000 on landscaping last year, the IRS won't let you deduct the entire $8,000 from last year's rental income. Instead, the $8,000 must be depreciated, which means you deduct it over a period of time instead of all at once.

To enter your rental improvements, simply follow the directions to enter your rental income and expenses. At some point, you'll come across the Rental Summary screen. Select Start next to Asset/Depreciation and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.

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