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Level 1
posted Apr 11, 2025 4:59:24 AM

How do I change the designation of an improvement to a rental house?

We made a number of improvements to a rental house and all except the "new roof" are classified correctly.  TurboTax thinks the "new roof" is a separate house even though it is listed with the other improvements to that house.  I must have entered something incorrectly.  If so, what?  And how can I correct it?

 

0 2 542
2 Replies
Level 15
Apr 11, 2025 5:07:08 AM

The new roof cost is depreciated at the same rate as the residential rental property, 27.5 years.

Level 1
Apr 11, 2025 6:15:44 AM

The roof has been using the 27.5 year depreciation.  We donated the house to a charity in 2024.  TurboTax says we must enter an "asset sales price" whereas we don't have to enter an asset sales price for the house or the other improvements.  If we don't, TurboTax says we have made an "error" that must be corrected.