Keep in mind that the more individual items you have in the Assets/Deprecation section, the more PITA it is when you convert, sell or otherwise dispose of the property in the future. You'll want to group as much as you can. Here's how I would do it.
Items 2, 5, 6 and 8 I would group under one entry and call it something akin to "Electrical/Structural Modernization" Then enter the total cost (including labor) of all those items. I would also include in this entry the cost of the kitchen renovation, minus the cost of each individual appliance. (But DO include the costs of the new cabinets and the dishwasher, since those are essentially "built in".
Since it appears that you lease this out as a furnished property, I would then group all appliances together (since that's a 5-year depreciation item) and enter those as something like "new appliances". This "can" be an issue if during the 5-year period you have to replace one of those appliances. While it can be a pain to deal with, it's doable and for me would be a risk I'd be willing to take on *new* appliances over the next 5 years. Appliances is basically anything that runs on electricity - washer, driver, range, microwave, water heater, garbage disposal, over-range exhaust, etc.
Next I'd group items 3, 4 and 7, label it as "new furnishings" and set it up to depreciate just like the appliances. The only reason I'm separating the furniture and the appliaces, is because it's easier for a tenant to steal or destroy furniture (and more likely) than it is an appliance.
Note also that by default, the TT program will set up your furniture and appliances to depreciate over 7 years and not 5. That's because you're required to use the MACRS GDS method, unless there is a law that specifically requires you to use the ADS method. For reference on this see IRS Publication 527 at <a rel="nofollow" target="_blank" href="
https://www.irs.gov/publications/p527/ch02.html#en_US_2015_publink1000219071">https://www.irs.gov/pu...> and check out what it says under "Depreciation Systems". Being that the property is in FL, I'm not aware of any law requiring ADS for your situation.
Let me know how this works for you and please keep in mind that my above is just "how I would do it". So you don't have to follow my method either. (I've 3 rentals in FL myself)
