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Investors & landlords
No, you will enter the full cost of the windows in the year they were installed. The loan counts as a purchase in the year it is taken out.
Yes, you can use the De Minimis option to expense the cost of the appliances. When you do that, you enter the cost of them as repair expense on your rental schedule E. The deduction won't show up elsewhere when you choose the De Minimis option in TurboTax.
You are correct, you can't choose special or section 179 depreciation deduction on residential rental property.
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March 9, 2025
6:04 AM