Hi Daniel,
Thanks for the guidance but I'm not sure how to enter this into the turbo tax program. I have rental properties and I can add most assets fine. I'm given the option 1) Residential Real Estate, 2) Appliances/Carpet/Furniture and 3) Land Improvements.
If I add a refrigerator costing $1500, I select #2 Appliances, and then Turbo Tax will allow be to fully expense since under $2500.
However, I'm now adding a new bathroom vanity top. The cost is $970. How do I do that?
If I select #1 is spreads it out over 27.5 years.
You mentioned there is a 7 year all other category per the IRA, but I don't see that as an option on the program.
Thanks, Al
