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Where to enter new assets for rental property?

I have a couple of small assets I purchased for rental property.  TT didn't seem to ask me if I had anything new to enter, where do I enter them?  Also, in previous years I could deduct the full amount of new assets if it was less than $1500 or something like that.  Is that option still available?

 

Thank you in advance for your answers!

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2 Replies

Where to enter new assets for rental property?


@CaddyGrn wrote:

...in previous years I could deduct the full amount of new assets if it was less than $1500 or something like that.  Is that option still available?


Yes, it is still available but it is $2,500 per invoice or item.

Where to enter new assets for rental property?

Thank you for your prompt answer!  *Embarrassed* I did finally find where the question about purchasing new things was in the TT "interview"  just took me a while!  TT said to treat the items simply like expenses, so I assume I just list them in my expenses spreadsheet and use the totals?

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