Edie6
New Member

How do I figure it out the appropriate depreciation for hurricane shutters for a rental property?

 
PatriciaV
Employee Tax Expert

Investors & landlords

It depends on the cost of the shutters. In general, adding features that increase a property's market value are capitalized over the life of the property (27.5 years).

However, you may be able to expense this cost by claiming the Safe Harbor Election for Small Taxpayers. If you qualify,  you would then be able to report the entire cost as a Rental Expense.

See the information below:

https://ttlc.intuit.com/replies/4682171

Click the Building Improvements subtopic for specific info.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post