https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-handle-rental-electrical-rewiring-cost/01/1445204#M49698 <P>I have a single family rental that needed extensive electrical repairs while being occupied by a tenant. The work done was to rewire the house electrical from the main breaker box to all outlets. The cost was $21k. Is this expensed, or does it need to be depreciated? It was work needed for habitability. If it needs to be depreciated, over what time period?&nbsp; -- Thanks,</P> Sat, 11 Apr 2020 20:28:38 GMT bptsj 2020-04-11T20:28:38Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-handle-rental-electrical-rewiring-cost/01/1445204#M49698 <P>I have a single family rental that needed extensive electrical repairs while being occupied by a tenant. The work done was to rewire the house electrical from the main breaker box to all outlets. The cost was $21k. Is this expensed, or does it need to be depreciated? It was work needed for habitability. If it needs to be depreciated, over what time period?&nbsp; -- Thanks,</P> Sat, 11 Apr 2020 20:28:38 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-to-handle-rental-electrical-rewiring-cost/01/1445204#M49698 bptsj 2020-04-11T20:28:38Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-to-handle-rental-electrical-rewiring-cost/01/1445325#M49699 <P>Yes, it needs to be depreciated. It is an improvement. It has a useful life of 27.5 years, the same a the rental house.</P> Sat, 11 Apr 2020 20:43:32 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-to-handle-rental-electrical-rewiring-cost/01/1445325#M49699 ColeenD3 2020-04-11T20:43:32Z