Investors & landlords

PatriciaV · ‎March 7, 2022

Here is the TurboTax article on capitalizing improvements:

How do I handle capital improvements and depreciation for my rental?

This is the Rental Property Summary page from TurboTax Desktop (TurboTax Online has a more detailed list; Assets appear near the bottom).

The Safe Harbor section has changed, but under Assets/Depreciation, you should see a question regarding Elections, which will take you to this page with the rules for expensing Improvements.

Finally, Miscellaneous Expenses can be added with a custom description on this page:

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