I have FLOORING on my depreciation schedule for rental property. I've replaced the carpet and could count it as a "less than $2500" item. Do I delete the old carpet?

[shansmw]

The old carpet has 2 years left on depreciation schedule.  If I delete, what happens?  If I don't need the deduction this year, should I just depreciate the new carpet?  What do I do with the old carpet as far as depreciation schedule is concerned?

[DavidD66]

Yes, should "dispose" of the old carpet in TurboTax.  Your proceeds will be zero, so you will incur a loss on the disposal.  If you do nothing with it, it will continue to depreciate for the remainder of it's depreciable life.  

[shansmw]

I put in new carpet.  How do I delete the old depreciable carpet, and replace with the new carpet?

Or do I just delete the old in Turbo Tax and take the new carpet expense as a deduction?

[VolvoGirl]

You have to SELL or Dispose of the old one properly.  Maybe enter a sell for $0.