I had HVAC units replace in 2020 for my rental. It was captured and was using depreciation method over 7 years.
But I accidentally deleted this asset so I need to add it back.
I added it in this rental property "Assets/Depreciation"/"Your Property Assets" by click "Add an Asset".
I could not find the way to add improvement and depreciation method of 7 years. I referred previous link : https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-ad...
I tried "Rental Real Estate Property" in "Describe This Asset"->"Residential Rental Real Estate", it's treated as the main rental house and used 27.5 years to depreciate.
I tried "Rental Real Estate Property" in "Describe This Asset"->"Appliances, carpet, furniture", it used 5 years to depreciate.
It seems only "Intangible, Other property"->"Other asset type" has option to use 7 years depreciation.
Is that the correct way to added the my past improvement back?
Thanks
