In 2021 I did a major renovation to my rental property (complete remodel of kitchen and bathrooms, appliances, flooring). At the time I selected "Appliances, Carpet and Furnishings" as the most logical selection under Rental Real Estate Property from the list of asset types provided. I now see that it has set up my depreciation method as 200DB/MQ (which is 5 year double declining balance). Is this acceptable or do I need to amend my 2021 and 2022 returns? I see now through recent Q&A responses that I should have selected "Residential Rental Real Estate" (though this still looks more like adding a new rental property, than it does capital improvements on an existing property).
