turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I replaced the fence and HVAC this year on a rental property that was put in service in 2018. How do I enter this on 4562 for depreciation?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Carl
Level 15

I replaced the fence and HVAC this year on a rental property that was put in service in 2018. How do I enter this on 4562 for depreciation?

You'll enter each of those assets separately in the Assets/Depreciation section.

The fence is classified as a land improvement and gets depreciated over 15 years.

The HVAC gets classified as residential rental real estate and gets depreciated over 27.5 years.

Take special note that neither of those assets qualifies for a SEC179 or SDA deduction per IRS publication 946.

 

MaryK4
Expert Alumni

I replaced the fence and HVAC this year on a rental property that was put in service in 2018. How do I enter this on 4562 for depreciation?

You will want to add as an asset in the rental property section of TurboTax.  Follow the interview and you will be able to file the Form 4562 with your tax return.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies