I repiped my rental home this year. This is an improvement. Using Turbo I note no place to specifically report an improvement without setting up another 27.5 year asset. However, I can do is the line for furnishings etc. Its for 5 years and reports 80% depreciation for the first year. Form what I have read improvements in the interior of the home would qualify but the schedule(number of years) were generally missing from these articles. So I'd just like a check. First is this cost subject to the bonus deprecation rules? And if so do I use the Furnishing line in turbo to claim it to get the 80% and the 5 year depreciation?
