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hhtaub
New Member

How do I use Turbotax to depreciate a 7 year asset for a rental property? Does interior painting qualify as a 7 year asset if it's part of a larger remodeling job?

 
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Critter
Level 15

How do I use Turbotax to depreciate a 7 year asset for a rental property? Does interior painting qualify as a 7 year asset if it's part of a larger remodeling job?

If you do not expense it as a repair/maintenance  then it is 5 year property. 

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Critter
Level 15

How do I use Turbotax to depreciate a 7 year asset for a rental property? Does interior painting qualify as a 7 year asset if it's part of a larger remodeling job?

If you do not expense it as a repair/maintenance  then it is 5 year property. 

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