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randomGen
New Member

Where to enter a new computer for multiple rental properties

I purchased a new laptop (and some accessories) to manage my few rentals. The total is less than $2500. Where should I enter them on TurboTax online? Do I need to split into equal shares and enter them for each rental property?

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1 Reply
JamesG1
Expert Alumni

Where to enter a new computer for multiple rental properties

If you want to allocate the cost of the new laptop across the multiple rental properties.  For instance, you would report 1/5 of the cost across five rental properties.

 

You may report the purchase as an asset to be depreciated over multiple years, or you may elect to expense the cost of purchases of $2,500 or less. 

 

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