Yes, counter tops are considered depreciable assets for tax reporting purposes. These wouldn't be considered expenses, so you would not enter these under other common expenses. Instead, these would be entered in a separate asset/depreciation category.
- Go to income or wages and income if using desktop
- Go Rental Properties and Royalties
- When you select this, continue through the first two screens until you reach you rental and royal summary. Here, select edit next to the rental property you already have listed.
- In a review of your rental property, select assets/depreciation.
- Next indicate you wish to go to your asset summary.
- Now you should be in your Property Asset Page, select add an asset
- Describing the asset, you would say it's Rental Real Estate Property
- Select Rental Real Estate property Again
- Next screen will have you enter a description of the asset, the cost, and the date you bought it. Don't enter anything for the cost of the land.
- Finish out the section.
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