MindyB
Expert Alumni

Investors & landlords

You'll need to break out the items that have shorter lives than the building. When you are on the page "Here's the rental property info", select add expense or asset and choose Improvements, furnishings, and other assets. Start the interview regarding the improvements and indicate that yes, you made improvements in 2025. Continue through the interview to enter the information about the improvements. 

 

Note that Forms 4562 attached to Schedule E are currently being updated. 

 

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