If I did a total electrical rewiring, including new fuse panel and some light fixtures, on my rental property, I understand that's an improvement that I must depreciate. But is the asset category for depreciation "Residential real estate"? Not "Appliances, carpet or furniture"? There's such a difference in depreciation time between the two.
Why is TurboTax not more helpful in determining this even through its GuideMe feature in the higher-cost version of TurboTax addressing rental properties?
