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What type of assets are these for my rental property?
I have a rental condo that had a big renovation. I'm assuming all of these improvements are considered "assets."
The types of assets in turbotax are:
1. Rental Real Estate Property
2. Computer, Video, Photo and Telephone Equipment
3. Tools, Machinery, Equipment, Furniture
4. Intangibles, Other property
Can someone tell me how to categorize the expenses I had:
pool/spa/structure repair |
plumbing |
elevators/generator/fire & life safety/access |
renovation |
contingency (10%) |
Thanks.
Topics:
‎February 24, 2022
7:40 PM