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I don't understand how to depreciate with the business safe harbor election for building material?
Hi, I read the URL below and it confuses me even more. I don't know how to get to these screens while "add asset" for improvements. I have 11k of building materials I need to claim and I hope to find another way to depreciate rather than the 27.5 years.
Can someone please provide TT step instructions to get to the right spot? I appreciate any help. Note: I don't have much rental income for 2019 because i left vacant for a few months to renovate. So expense isn't my focal point although carry-forward is great.. but I guess adding to capital improvement is the proper way. I don't understand how to get to safe harbor for building improvements following the 27.5 SL method.. or if I qualify. (I don't understand how to use safe harbor for building improvements .) Please help if you can. Thank you!
https://ttlc.intuit.com/community/business-expenses/help/what-can-i-expense-or-depreciate-with-the-b... <not clear to me>