Investors & landlords

In the Rental Properties and Royalties section of the program, if you are treating this as a Schedule E rental as opposed to a business (e.g., a business would be where you provide "substantial services" to the renters - see the link at the bottom).

 

Click the Start button to the right of Assets/Depreciation (see screenshot), proceed through the following screens and enter your assets.

 

Note that you may be able to make the De Minimis Safe Harbor Election (where you can expense items rather than capitalize them) if an (invoiced) item cost $2,500 or less.

 

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https://www.irs.gov/taxtopics/tc414

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