If you elect to capitalize carrying charges, these carrying charges are added to the cost basis of your property. They are not amortized or depreciated.
You do not add them as an asset to be depreciated in TurboTax.
Please see this document for more information:
https://www.law.cornell.edu/cfr/text/26/1.266-1
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
