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I am trying to depreciate new windows in a rental property. I can't find the right drop down menus to reflect an improvement to the building

 
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PatriciaV
Employee Tax Expert

I am trying to depreciate new windows in a rental property. I can't find the right drop down menus to reflect an improvement to the building

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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2 Replies
PatriciaV
Employee Tax Expert

I am trying to depreciate new windows in a rental property. I can't find the right drop down menus to reflect an improvement to the building

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?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I am trying to depreciate new windows in a rental property. I can't find the right drop down menus to reflect an improvement to the building

Thank you!  I was stumped, and your response helped immensely.

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