Where do I enter depreciation for HVAC system rental improvement

[Dixie1500]

Depreciation for a rental property improvement

[JamesG1 · Accepted solution]

 In TurboTax Online, establish the rental activity by following these steps: 

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & income.
• Scroll down to Rentals, Royalties, and Farm.  Click down arrow to the right.
• Select Start / Revisit to the right of Rental Properties and Royalties.
• At the screen Your 2025 rentals and royalties summary, click the pencil icon to the right of the rental.
• At the screen Here's rental property info, click the pencil icon to the right of Assets.
• At the screen Let's figure out the best way to handle your assets, follow the screens to report the asset and select depreciation method.

Rental property income is reported on Schedule E Supplemental Income and Loss.  See also this TurboTax Help.

Rental property income not rented for profit is reported on IRS form 1040 Schedule 1 line 8.  See this TurboTax Help.