For rental depreciation, what asset category does a new shed/carport go into?

satchmo58 · ‎May 31, 2019

We added a combination shed and carport to the rental property. It is separate from the house. what asset category do I use to depreciate this expense?

PatriciaV · ‎May 31, 2019

The new structure may be considered an improvement to the existing rental property. As such, it would be classified in the same category as the rental property. If the house is single-family residence, then you would use that category for the new shed/carport.

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PatriciaV · ‎May 31, 2019

The new structure may be considered an improvement to the existing rental property. As such, it would be classified in the same category as the rental property. If the house is single-family residence, then you would use that category for the new shed/carport.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

charjean47 · ‎May 31, 2019

Bought a used shed for $200. It is located on property where I have a rental house. Paid $300 to move it. Built a ramp for $75. Is the $575 an expense or an improvement/capital? Thanks

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For rental depreciation, what asset category does a new shed/carport go into?