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jlgoogs
New Member

How do I enter rental property improvement expenses? The categories under assets and depreciation do not fit and spent 2 hours speaking with tech support with no answers.

 
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2 Replies

How do I enter rental property improvement expenses? The categories under assets and depreciation do not fit and spent 2 hours speaking with tech support with no answers.

Why don't you think the categories under "assets and depreciation" fit?

What exactly are the improvement expenses you made?
AnnetteB
Intuit Alumni

How do I enter rental property improvement expenses? The categories under assets and depreciation do not fit and spent 2 hours speaking with tech support with no answers.

If you are entering a rental property improvement as an asset to be depreciated, then you would first choose Rental Real Estate Property.

Then, if the improvement is a component of the home (such as a roof, a room addition, a heat pump) you would choose Residential Rental Real Estate.  This will depreciate the asset over the same recovery period as the property itself.

If the improvement is something like a swimming pool, a fence, or a paved parking area, then it would be considered a Land Improvement


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