We had a leak and had to do a repipe on our rental property which was around 18K after repipe and asbestos remediation, etc. Since over 2500, I must take it as an asset depreciation over time. When I try to set it up, the options for this 'asset' are:
1. residential rental real estate
2. Appliance, carpet, furntiture
3. Land improvements
None of those quite makes sense to me. Thinking number one, but I used that to put the rental property as an 'asset' two years ago. Recommendations on what to do please?
Thanks,
Adam
