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

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

I paid $3000 down payment towards a window for my rental home in 2024. The window was installed in Jan. 2025 and another $3000 paid. Do I depreciate in 2024? How much?

 
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.

1 Best answer

Accepted Solutions
AnnetteB6
Employee Tax Expert

I paid $3000 down payment towards a window for my rental home in 2024. The window was installed in Jan. 2025 and another $3000 paid. Do I depreciate in 2024? How much?

No, it will be depreciated in 2025 as of the installation date.  When claiming it on your 2025 return you would include the total cost, including the down payment paid in 2024.

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

View solution in original post

1 Reply
AnnetteB6
Employee Tax Expert

I paid $3000 down payment towards a window for my rental home in 2024. The window was installed in Jan. 2025 and another $3000 paid. Do I depreciate in 2024? How much?

No, it will be depreciated in 2025 as of the installation date.  When claiming it on your 2025 return you would include the total cost, including the down payment paid in 2024.

**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