Which asset category when adding depreciation asset—there are only three categories but….

[Rlk508]

Trying to enter expense of residing rental home. Since it’s an asset that will be depreciated trying to figure out which category to select so I can enter expense. Three options: A. Residential real estate B. Appliances carpet furniture C. Land improvements. It’s not new real estate so A. doesn’t fit but neither do any of the other categories. It’s unnecessarily difficult. I don’t want to pay $80 to answer one simple question. The interface is not helpful. Any suggestions?

[Carl]

What specifically are you entering as an asset? At a minimum you will list the property itself which is classified as residential rental real estate. Or is this "not" residential? Maybe it's commercial using as a storefront you own that you are renting out?

[Rlk508]

Residing of rental home. These are the options on the page where I’m stuck. If I select the first option below it’s only about purchase of new real estate which makes zero sense. Other two options are not related to “residing expenses.”

Tell Us a Little More About Your Rental Asset

this asset

How would you categorize this asset?

Residential Rental Real Estate Appliances, carpet, furniture Land improvements

[Carl]

What do you mean by "residing of rental home" ???
If you're renting it out then it's residential rental real estate. It doesn't matter if you purchased it 50 years ago and lived in it as your primary residence until you moved out and converted it to a rental in 2024.

[M-MTax]

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@Rlk508 wrote:

If I select the first option below it’s only about purchase of new real estate which makes zero sense. 

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The real estate does not have to be "new".

If you converted existing real estate to rental (or business) use, then you would select Residential Rental Real Estate.

[Rlk508]

Thanks but no thanks. You’re totally on the wrong path with your answer. This “community” is not helping.  Waste of time.