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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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?
posted
June 1, 201912:28 AM
last updated
June 01, 201912:28 AM
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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.
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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