Investors & landlords


@michash2998 wrote:

Ok, I will enter as an asset to depreciate instead.  Thanks for clarifying.


What I meant was you can add the asset manually to the cost basis of the property. 

 

In order to do so, you would have to be using a desktop version of TurboTax. I know for a fact that this works because I have done it on over a dozen test returns. It will not "screw up" the depreciation of the primary asset if it is done correctly (using Forms Mode).

 

Regardless, you are probably better off just adding it as an asset since it is a much simpler process.

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