Rental property hail damage. Received insurance proceeds to replace roof. Where is Form 4684. Pay out of pocket to upgrade Roof, how to revise depreciation Basis.

finlandyu — Fri, 09 Jan 2026 03:58:57 GMT

We replace rental property roof due to sever hail damage. This is a restoration. I need report it on Form 4684. But where in Turbo tax can I click to find this form to fill out? Also, I paid out of pocket to upgrade roof to higher classes, I need revise property's depreciable basis, where can I click in Turbo Tax to do it? Also, I need reduce the property's basis by the old roof's basis and then add the new roof's total cost. How to do it in Turbo tax? From the question that guides me, there is no way I can click to find where to do this? Thanks for any help.

Re: Rental property hail damage. Received insurance proceeds to replace roof. Where is Form 4684....

AmyC — Fri, 16 Jan 2026 18:02:59 GMT

Rental property damage is reported in section B of form 4684.

To find the form:

In desktop, it is in the forms list.
Online, go to tools, topic search and select 4684.

You will add the new roof as a new asset. You will not change the depreciable basis of the house. If you had the old roof already segregated, then you would remove the old roof. Otherwise, you don't do anything.

topic Rental property hail damage. Received insurance proceeds to replace roof. Where is Form 4684. Pay out of pocket to upgrade Roof, how to revise depreciation Basis. in Investors & landlords

Rental property hail damage. Received insurance proceeds to replace roof. Where is Form 4684. Pay out of pocket to upgrade Roof, how to revise depreciation Basis.

Re: Rental property hail damage. Received insurance proceeds to replace roof. Where is Form 4684....