New Rental Property

[TCHARRIS]

How do I write off the improvement expenses on a new property 

[DawnC]

You will create an Property Improvement asset and depreciate the cost over time.  To enter your rental improvements, simply follow the directions to enter your rental income and expenses.   At some point you'll come across the Here's [your property's] rental property info screen.  Under Expenses / Assets (Depreciation), select Add expense or asset and follow the onscreen instructions. 

How do I handle capital improvements and depreciation for my rental?

What kinds of rental property expenses can I deduct?  You are able to expense repairs, but major improvements require depreciation. 

What is rental depreciation and how does it differ from an expense?