You'll need to sign in or create an account to connect with an expert.
If this is a rental, the assessment would be listed as an asset and depreciated over the life of the item it paid for, such as an elevator.
Yes, TurboTax Premium reports rental income.
Yes, the HVAC would be a depreciable asset as well. (27.5 years)
Yes, great - thanks!
But, can I capture the special assessment and HVAC expense in TurboTax Premium?
Yes, those forms are in TurboTax Premium. You enter them in the assets section of your rental income and expense section.
Many thanks!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MH002
New Member
Eclipse2024
Level 1
jojor
Level 2
jbmafisher
New Member
Lisa3588
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.