AnnetteB6
Expert Alumni

Investors & landlords

There is not a particular dollar amount where it becomes more necessary to claim depreciation on an item.  Instead, you need to consider the useful life of the item in question.  

 

Things such as a knife block and Keurig machine may have a useful life of under a year.  If that is the case, include the cost of these items as an expense instead of a depreciable asset.  You can enter the cost as a 'supply' expense.

 

Here is how TurboTax defines a rental supply expense:

 

Supply expenses are items you used for your rental property that cost $200 or less or last less than a year. 

 

Also, take a look at the following TurboTax help article to learn more:

 

What is depreciation?
 

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