I believe box 1 of my K-1 is comprised of my car and asset expenses. So, would I need to record them in TurboTax in "Review Vehicle Expenses" and "Asset Information?" in Deductions & credits
I just finished the basement for my rental property. If I depreciate the basement at 27.5 years, but add the furniture, appliances and carpet as a separate asset to depreciate at 5 years, can I do this myself without formal cost segregation study? in Investors & landlords
Yes, I would like to elect this option for all my assets across 3 properties. How to add improvements expenses for carpet replacement that is over the $2500 threshold in Investors & landlords
What asset are new windows for depreciation in real estate investment property? in Investors & landlords