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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1 Best answer

Expert Alumni

Jun 4, 2019 1:45:28 PM

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:

Expert Alumni

Jun 4, 2019 1:45:28 PM

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: