Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

posted

Connect with an expert

1 Best answer

Accepted Solutions

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Yes, an improvement to a rental property will be depreciated separately from the house itself and will appear as a separate line item on the form 4562.

View solution in original post

2 Replies

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Yes, an improvement to a rental property will be depreciated separately from the house itself and will appear as a separate line item on the form 4562.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Thanks for the assistance

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do you have an Intuit account?

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Do improvements (new kitchen) to a rental property show as a second asset separate from the house? I have 2 assets showing on the Form 4562 Dep, and Amort. Report.

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert