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New Member
posted May 31, 2019 11:32:36 PM

Should I expense or depreciate an improvement such as a new front porch? I may intend to sell the rental this year.

Should I expense or depreciate an improvement such as a new front porch? I may intend to sell the rental this year. Thank you.


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1 Best answer
New Member
May 31, 2019 11:32:36 PM

Any improvements that cost more than $2,500 and add to the value of the property or significantly increase its life are required to be capitalized (treated as assets) and depreciated.

You are able to expense any improvements that cost $2,500 or less.

TurboTax will walk you through adding any assets that you are required to capitalize and help you select the most appropriate useful lives and depreciation methods.

3 Replies
New Member
May 31, 2019 11:32:36 PM

Any improvements that cost more than $2,500 and add to the value of the property or significantly increase its life are required to be capitalized (treated as assets) and depreciated.

You are able to expense any improvements that cost $2,500 or less.

TurboTax will walk you through adding any assets that you are required to capitalize and help you select the most appropriate useful lives and depreciation methods.

New Member
May 31, 2019 11:32:38 PM

Thank you Amy.

New Member
May 31, 2019 11:32:44 PM

You're welcome.  Good luck with the property!