Ru771
New Member

Investors & landlords

I think it is added under assets when filling in your rental property details. What I did see in here is something called “residential” that is where TT is automatically depreciating the building?? Using SL 27 years.

 

If I have a cost seg and break individual components out do I delete this line item? I enter the various components eg flooring under the correct 5/15 years etc. Instead? Or do I add them and include this automatically added “residential” line item as well? I don’t want to double dip. Thanks!