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.

rental property roof replacement depreciation -- cannot see TT prompts for entering roof cost details

when trying to enter the roof replacement costs, I am directed to the depreciation rental property category and can only add descriptors about the rental property itself. I do not find a TT questions for inserting the roof costs.  am I missing something?

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.

1 Reply
MarilynG1
Expert Alumni

rental property roof replacement depreciation -- cannot see TT prompts for entering roof cost details

In the Assets/Depreciation section, choose 'Rental Real Estate Property'.

 

On the next page, choose, 'Residential Rental Real Estate' (the roof is part of the house).

 

Then, on the next page, enter the description 'New Roof' and the Cost and the Date. 

 

On the next page, indicate 'you purchased the asset' and 'Yes, I've always used it 100% for business' and enter the date. 

 

On the 'Asset Summary' page, choose 'show details' to see how the roof is being depreciated the same as the house.

 

Here's more info on Depreciation of Rental Assets

 

@Tomc63 

 

 

 

 

 

**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