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Investors & landlords
No, this has been on Turbotax for nearly 30 years of commercial building depreciation. Shows as such in the depreciation reports. This is not something new for Turbotax. I looked back at my last depreciable big ticket item in 2017 and some from earlier and the step-by-step questions were about the same. I must have had to muddle my way through form 4562, guessing on entries and then generally taking Section 179 each time when I could. I also installed new asphalt in the parking lot in 2025 but that one was easily determined to be Land Improvements and the step-by-step was fine for that. But TT is really lacking on this HVAC depreciation subject for a commercial property owner. They insist the H & B product is perfect for landlords. Not so.