turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

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

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?

 
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 Best answer

Accepted Solutions

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. 

View solution in original post

1 Reply

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. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies