Carpet is entered as an asset and depreciate 5 years for a residential rental property.
Federal taxes >
Wages & Income >
I'll chose what Work on >
Continue through to your rental summaryA.rental income
B.expenses
C.assets <---------<<<<< here click update
D. Vehicle Expenses
At
the property asset summary screen for your property; click add an
asset. Answer question to set up properly in the tax program
X Rental real estate property
X Appliances,carpet,etc
You now have a 5 year property for carpet!
