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What asset should the re-pipe cost of a rental property fall under?

 
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MindyB
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What asset should the re-pipe cost of a rental property fall under?

Since that is a major restoration, you can add that asset directly in the "Rental Property" Asset section.  You will need to edit the asset, go through the interview and answer "Yes, I made improvements" on the screen Did you make any improvements to a building you used for this business in 2025? Then, continue through the interview to properly report the re-pipe.

 

Screenshot 2026-02-21 095121 rp.png

 

Screenshot 2026-02-21 095509 rp2.png

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1 Reply
MindyB
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What asset should the re-pipe cost of a rental property fall under?

Since that is a major restoration, you can add that asset directly in the "Rental Property" Asset section.  You will need to edit the asset, go through the interview and answer "Yes, I made improvements" on the screen Did you make any improvements to a building you used for this business in 2025? Then, continue through the interview to properly report the re-pipe.

 

Screenshot 2026-02-21 095121 rp.png

 

Screenshot 2026-02-21 095509 rp2.png

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