To enter a building repair as a business asset for depreciation in TurboTax, follow these steps:
- Sign in to TurboTax
- To enter your rental improvements, simply follow the directions to enter your rental income and expenses.
- At some point you'll come across the Here's [your property's] rental property info screen. Under Expenses / Assets (Depreciation), select Add expense or asset and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.
