turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

simon7012
New Member

$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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
view2
New Member

$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 , 

Follow prompt.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies