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 enter a cost segregation analysis to my return that overrides standard depreciation on rental real estate?

I had a cost segregation study done on a rental property. TurboTax online only appears to allow me to take the standard depreciation instead of inputting the data from the study. Am I missing something?
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
Carl
Level 15

How do I enter a cost segregation analysis to my return that overrides standard depreciation on rental real estate?

For type of asset, select the option for "Intangibles/Other" and go from there. This is only advised if you know what you're doing, and incorrectly entering the assets this way has a fair chance of triggering an audit, depending on the assets and costs involved.

Even so, if this is residential rental property the actual structure itself is still depreciated over 27.5 years. So you'll still be entering that the "normal" way.

 

How do I enter a cost segregation analysis to my return that overrides standard depreciation on rental real estate?

If you did a cost segregation study then you will enter all of the assets individually  because that is why you did   the study was it not?    

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