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.

lg79
Level 2

categorizing an irrigation system on my rental property

I'm trying to add my new irrigation system in TT so that I can depreciate it.  Do I add it as a "residential rental real estate", "Appliances, carpet and furniture", or "land improvement" asset?

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
ColeenD3
Expert Alumni

categorizing an irrigation system on my rental property

Since it attached to the land, it is considered a land improvement.

View solution in original post

1 Reply
ColeenD3
Expert Alumni

categorizing an irrigation system on my rental property

Since it attached to the land, it is considered a land improvement.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question