https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements-deductible/01/2548860#M83450 Is the full purchase price of a real estate investment property depreciable? Mon, 09 Mar 2026 09:05:18 GMT NAEE872358 2026-03-09T09:05:18Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements-deductible/01/2548860#M83450 Is the full purchase price of a real estate investment property depreciable? Mon, 09 Mar 2026 09:05:18 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements-deductible/01/2548860#M83450 NAEE872358 2026-03-09T09:05:18Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements/01/2548895#M83453 <P>No. Land an not be depreciated.</P> Sat, 05 Mar 2022 03:13:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements/01/2548895#M83453 ee-ea 2022-03-05T03:13:08Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements-de/01/2548896#M83454 <P>No, the land portion is not depreciated.&nbsp; &nbsp;The property itself and the major improvements are depreciated over time.&nbsp; To enter your all of your rental property information, use the Rental Property Section in TurboTax.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Capital improvements that add to the value of your rental property, prolong its life, or adapt it to new uses must be&nbsp;<STRONG>depreciated</STRONG>&nbsp;over a period of time rather than deducted as a current-year expense.&nbsp;</P> <P>&nbsp;</P> <P>Rental property is considered a depreciable asset, as are major improvements such as new roofs, landscaping, refrigerators, water heaters, furniture, and so forth.&nbsp; &nbsp;Expenses are used to deduct the entire cost of services, utilities, fees, and consumable items (like cleaning supplies, light bulbs, smoke alarms, and batteries).</P> <P>&nbsp;</P> <P><A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-income-and-expenses-from-a-rental-property/00/25595" target="_blank">Where do I enter income and expenses from a rental property?</A>&nbsp; you'll enter the details of the property here - and you will enter the costs in the Assets/Depreciation section which is part of the Rental section.&nbsp; &nbsp;</P> <P>&nbsp;</P> <P><A href="https://ttlc.intuit.com/community/rental/help/what-is-rental-depreciation-and-how-does-it-differ-from-an-expense/00/26371" target="_blank">What is rental depreciation and how does it differ from an expense?</A></P> <P>&nbsp;</P> <P><A href="https://ttlc.intuit.com/community/rental/help/how-do-i-handle-capital-improvements-and-depreciation-for-my-rental/00/26627" target="_blank">How do I handle capital improvements and depreciation for my rental?</A></P> Sat, 05 Mar 2022 03:13:24 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-where-do-i-enter-purchase-price-of-a-rental-real-estate-property-is-only-the-improvements-de/01/2548896#M83454 DawnC 2022-03-05T03:13:24Z