In TurboTax Premier, go to Federal Taxes>Wages and Income>Rental Properties and Royalties. Then answer the Rental questions (again) until you arrive at the Rental Summary.
Find your property, and choose EDIT. As you go through more questions about the property, including the purchase price, you will reach the page "Any Property Improvements Made?"
But remember, that's only if you remodeled the property before you placed it in service as a rental. If this isn't your first year, and you made the improvements later, use the Depreciation section in the screenshot shown above. 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 the screenshot in my answer, which I have edited above.
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