The expenses to remodel your rental property should be capitalized and depreciated rather than deducted all at once.
If this was the first year that you rented the property, and you remodeled the property before you made it available for rent, you will include the cost when you first enter the rental into TurboTax. After you enter your purchase price, you will see a screen: Any Property Improvements Made? and you would enter the cost there (see the screenshot).
If the improvements were made later, you can add the cost in the Depreciation section (see screenshot).
If your improvements qualify, you may be able to claim them as an expense rather than depreciate them, and TurboTax will ask you about them on the screen "Let's see if you qualify to claim these improvements as expenses." (see screenshot).
There is a difference between expenses that are considered capital improvements to your property and those that are considered repairs, which you can deduct in the year that you pay them. Please see IRS Publication 946 , especially page 13, for more information. https://www.irs.gov/pub/irs-pdf/p946.pdf
Edit 02/04/16
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