asset depreciation category

[lllbby]

I'm adding a rental asset for depreciation purposes. There are 3 categories to choose, "residential rental real estate", "Appliances, carpet and furniture", "land improvements". They depreciate over different periods of time.  For a bathroom remodel project that replaces the tiles, vanities, and shower doors, should I pick the first one or the second one or either is fine? For backyard fence and landscaping work, is "land improvements" the right category to use?

[PatriciaV]

The bathroom remodel would be entered as "appliances, carpet, furnishings" and the landscaping would be Land Improvements.

However, you may wish to consider claiming the Safe Harbor Election for Small Taxpayers. If you choose this election, you can expense up to $10,000 in costs that would otherwise be depreciated over a very long time.

You'll find this election at the start of the Assets/Depreciation section from the Rental Summary screen for each rental property. If you have already visited this section, you may review your answers by choosing "No, I want to review..."

[rayguy51]

A remodel would be depreciated as appliances, carpet, furniture. Fencing and landscape would be under the land improvements only if they were non-maintenance items [painting, pruning, grass cutting services] - those would be direct expenses.