$3100 compressor replacement of the central air conditioning unit of a rental property, is it capitalized and depreciated in 27.5 years, 5 years or 7 years?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
$3100 compressor replacement of the central air conditioning unit of a rental property, is it capitalized and depreciated in 27.5 years, 5 years or 7 years?
The compressor was replaced in December 2016, how do I calculate the depreciation amount for the year of 2016? Thank you.
posted
June 7, 20193:44 PM
last updated
June 07, 20193:44 PM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
$3100 compressor replacement of the central air conditioning unit of a rental property, is it capitalized and depreciated in 27.5 years, 5 years or 7 years?
Capitalized and depreciated in 27.5 years, on date placed in service.
At the "Your asset summary" page for your rental ; little grey button generally to the lower left of screen "add an asset" click it ,