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

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

laifang01
New Member

How can I enter capitalized rental property improvements into TurboTax premier?

The asset/depreciation section does not allow rental property improvements costs over $2500. I cannot find place to enter my rental property improvement cost and calculate the depreciation 

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 Reply
KrisD15
Expert Alumni

How can I enter capitalized rental property improvements into TurboTax premier?

Which TurboTax program are you using? 

It should be fairly easy.

Go to 

Rental Properties and Royalties   START or UPDATE

"Yes" to review

Continue to the Summary" screen and select EDIT for the rental location from the list 

Scroll down to "Assets/ Depreciation"   and click START or UPDATE 

Select "YES" I want to go to my asset summary"  and CONTINUE

Select "Add an Asset" in blue 

Select "Rental Real Estate Property"   and CONTINUE

Continue through the interview 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies