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

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

Can I enter deduct tile floored improvement in my rental? Turbo tax depreciates the cost of the flooring over 27 1/2 years and I want to depreciate 7-10 yrs?

Can I deduct tile flooring improvement in my rental? Turbo tax depreciates the cost of the flooring over 27 1/2 years and I want to depreciate 7-10 yrs?
Connect with an expert
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 Best answer

Accepted Solutions
KarenJ
Intuit Alumni

Can I enter deduct tile floored improvement in my rental? Turbo tax depreciates the cost of the flooring over 27 1/2 years and I want to depreciate 7-10 yrs?

New flooring would be considered an improvement, not a repair.  New floors are expected to last the life of the property.  That is why they are depreciated over 27.5 years, the same as the building you are renting.

View solution in original post

1 Reply
KarenJ
Intuit Alumni

Can I enter deduct tile floored improvement in my rental? Turbo tax depreciates the cost of the flooring over 27 1/2 years and I want to depreciate 7-10 yrs?

New flooring would be considered an improvement, not a repair.  New floors are expected to last the life of the property.  That is why they are depreciated over 27.5 years, the same as the building you are renting.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies