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Get your taxes done using TurboTax
This is very interesting. I cannot find any table of asset categories for depreciation anywhere. I have recently added insulation to a rental property that exceeded the costs to allow as an expense, and none of the available categories make obvious sense. But then I would never think to put a bathroom remodel under "appliances, carpet, furniture". Is that a big umbrella category for physical materials added to a building and therefore applicable to insulation as well?
‎February 25, 2025
10:08 AM