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.

bienehu
New Member

The windows were replaced in 2012 when it was my residence, now rental property for all of 2016. Can I depreciate the cost?

 
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 Best answer

Accepted Solutions
IsabellaG
Expert Alumni

The windows were replaced in 2012 when it was my residence, now rental property for all of 2016. Can I depreciate the cost?

Yes, you can add the cost of the windows to the cost basis of your rental property to depreciate it. If you claimed a home energy credit for these windows, you need to reduce the cost basis by the amount of allowable credit.

**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
IsabellaG
Expert Alumni

The windows were replaced in 2012 when it was my residence, now rental property for all of 2016. Can I depreciate the cost?

Yes, you can add the cost of the windows to the cost basis of your rental property to depreciate it. If you claimed a home energy credit for these windows, you need to reduce the cost basis by the amount of allowable credit.

**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