☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 23, 2020 1:27:46 PM

I replaced an AC unit for $4500. Can I expense the whole amount or do I need to depreciate it?

0 1 235
1 Replies
Expert Alumni
Feb 23, 2020 2:05:23 PM

If it is for your rental property, you must depreciate the cost of the AC unit.  If it is for your personal residence, it is neither depreciable or an expense.