I have a condo that I use as a rental property. Is this consider a rental property with assets (other than vehicle)?

Forum|Forum|5 years ago
March 22, 2021
2 replies
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DaveF1006

Level 15

Yes, this is considered rental with assets that need to be depreciated. It is not a vehicle.

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Carl

Level 11

Understand that the condo itself "is" a rental asset. It's typically the first thing listed on the summary screen in the Assets/Depreciation section. It's also not uncommon for it to be the only thing listed either.

I have a condo that I use as a rental property. Is this consider a rental property with assets (other than vehicle)?

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