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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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:

1 Reply

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:

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Do you have an Intuit account?