I replaced three of eight windows on my rental house in 2023 for ~$4500. Are these three windows eligible for special depreciation?
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No, they are considered part of the structure and would be considered as a capital improvement depreciated over 27.5 years. Do not enter then as an asset until you see the next section. There is a possibility you could qualify to deduct the full expense under Safe Harbor Election for Small Taxpayers.
Here are the rules you need to meet to take this election for your windows:
If you find you do qualify for this option and you want to take the full expense in one year for the windows, use the steps below to enter it in your return.
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