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
Close icon
Do you have a TurboTax Online account?

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

lkoehler3
New Member

I had to replace the central air conditioner on a rental property. Where do I enter that?

 
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.

2 Replies
TomK
Expert Alumni

I had to replace the central air conditioner on a rental property. Where do I enter that?

The air conditioning unit would be entered as assets to be depreciated for your rental income and expenses. 

Air conditioners are classified as improvements and depreciated over the useful life. See link below, Ch. 2, page 5, Table 1-1 https://www.irs.gov/pub/irs-pdf/p527.pdf



view2
New Member

I had to replace the central air conditioner on a rental property. Where do I enter that?

WHERE?

The major screen page headings to enter rental property information.

1.federal taxes/ wages & income/ select specific topics/ rental and royalties/ /view list(then )

I'll chose what I Work on.

continue through to

your rental summary

assets <---------<<<<< here click update

D. Vehicle Expenses

At the property asset summary screen for your property; click the edit..Answer question to set up properly in the tax program

X rental  real estate property

X residential rental  real estate

you now have a 27.5 year property for the HVAC

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies