Where do I enter those building improvements in Turbotax Home and Business?

I built a business warehouse 4 years ago that I am presently depreciating (it is on my personal property). I added pallet racks and garage door seals to it this year. I don't want to put them with misc. expenses because they are improvements that will stay with the building. Where do I enter those building improvements in Turbotax Home and Business?

2870

Intuit Alumni

Jun 1, 2019 12:42:08 PM

Enter them as an Asset. Use the following steps to get started.

Starting from the Business Income and Expenses (Schedule C) selection under income, choose Update or Review to get to the details about your rental or business
Proceed to the summary page, then Edit your rental property or business name
Proceed through the questions until you reach the area where you can click Start or Update for the Assets/Depreciation section
Proceed to the point where you adding an asset on the page titled Describe This Asset
Continue entering the details for your building improvements

Level 3

Jun 1, 2019 12:42:10 PM

Is there a way to tie them to the cost of the building versus just listing them as an individual assets like other items in my business?

Why sign in to the Community?

Where do I enter those building improvements in Turbotax Home and Business?