RobertB4444
Employee Tax Expert

Investors & landlords

Those costs are part of your 'basis' in the property.  You will enter that information into the 'Assets and Depreciation' section of the rental property in TurboTax.  Residential rental real estate is depreciated over the course of 27 and a half years so a portion of the value of your property will be deducted every year as you rent it.

 

@rogges99 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"