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?
011651
1 Best answer
ColeenD3
Expert Alumni
Jan 24, 2021 7:36:54 AM
Since it attached to the land, it is considered a land improvement.
1 Replies
ColeenD3
Expert Alumni
Jan 24, 2021 7:36:54 AM
Since it attached to the land, it is considered a land improvement.