You may allocate a portion of the repairs and improvements to the rental property. If you spent less than $10,000 on the rental portion, you may be able to elect the Safe Harbor Election for Small Taxpayers. This election allows you to expense up to $10,000 if you qualify. Otherwise, the costs are recorded as an improvement subject to depreciation.
This election appears at the beginning of the Assets/Depreciation section on the Rental Property Summary page. TurboTax will ask if you want to skip your elections. Check the No box and continue through the interview questions to see if you qualify.
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