I had a new heating and air conditioning system installed in my rental house. It requires entering depreciation. How do I enter it in Turbotax? in Turbotax

[HelenC12]

Capital improvements that add to the value of your rental property, prolong its life, or adapt it to new uses must be depreciated over a period of time rather than deducted as a current-year expense.

To enter your rental improvements, simply follow the directions to enter your rental income and expenses. At some point you'll come across the Rental Summary screen. Select Start next to Asset/Depreciation and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.

Related Information:

• Where do I enter income and expenses from a rental property?
• What is rental depreciation and how does it differ from an expense?
• What kinds of rental property expenses can I deduct?