3645850
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

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

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

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

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question