pma1868
Returning Member

Investors & landlords

I went and edited on the depreciated tab and add an asset (which is my remodeling cost?) .  Am I doing it right? I entered the cost of $15000 and the land value is 0 and date of purchase should be my remodeling completion date?  (11-01-2021)? 

 

I entered another item for driveway paving and chose the land improvement and it allowed a special one-time depreciation of $7000.  I am in CA.

 

This is my first time doing this with Turbo tax and I could not ask any live person to show me what to do.