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New Member
posted Apr 8, 2025 8:05:08 PM

How do I add expenses on major improvements to a rental property?

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1 Replies
Expert Alumni
Apr 8, 2025 8:10:57 PM

To enter your major rental improvements, follow the directions to enter your rental income and expenses

  • At some point you'll come across the Here's [your property's] rental property info screen. 
  • Under Expenses / Assets (Depreciation), select Add expense or asset and follow the onscreen instructions. 
  • TurboTax figure out which depreciation method works best in your favor