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For a Rental Property Improvement, choose Rental real estate property and further describe as Residential real estate.
Note, however, you may be able to write off these costs if you qualify for the Safe Harbor Election for Small Taxpayers. TurboTax will ask you about this election under the Assets/Depreciation section of your Rental Property if you choose Improvements. If you make this election, you can expense up to $10,000 in costs that would otherwise be depreciated over a very long time.
Read more about this here: What can I expense or depreciate with the business safe harbor election?
For a Rental Property Improvement, choose Rental real estate property and further describe as Residential real estate.
Note, however, you may be able to write off these costs if you qualify for the Safe Harbor Election for Small Taxpayers. TurboTax will ask you about this election under the Assets/Depreciation section of your Rental Property if you choose Improvements. If you make this election, you can expense up to $10,000 in costs that would otherwise be depreciated over a very long time.
Read more about this here: What can I expense or depreciate with the business safe harbor election?
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