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Get your taxes done using TurboTax
For type of asset, select the option for "Intangibles/Other" and go from there. This is only advised if you know what you're doing, and incorrectly entering the assets this way has a fair chance of triggering an audit, depending on the assets and costs involved.
Even so, if this is residential rental property the actual structure itself is still depreciated over 27.5 years. So you'll still be entering that the "normal" way.
‎July 31, 2023
4:26 PM