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HoleinOne
New Member

I installed new heating/air conditioning system in rental property-I can't figure out how to categorize it-can't expense it, right? what area it goes in for Depreciation?

 
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TomK
Expert Alumni

I installed new heating/air conditioning system in rental property-I can't figure out how to categorize it-can't expense it, right? what area it goes in for Depreciation?

A new HVAC system for a rental property is a capital improvement requiring that it be depreciated. 

Follow the directions in the FAQ below to input the new HVAC system:

https://ttlc.intuit.com/replies/4791833


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1 Reply
TomK
Expert Alumni

I installed new heating/air conditioning system in rental property-I can't figure out how to categorize it-can't expense it, right? what area it goes in for Depreciation?

A new HVAC system for a rental property is a capital improvement requiring that it be depreciated. 

Follow the directions in the FAQ below to input the new HVAC system:

https://ttlc.intuit.com/replies/4791833


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