2782679
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.

Using TT2021 DESKTOP for MAC: On a Rental Property - If I buy $2500 in appliances and pay someone $300 to install all of them

does labor get entered asa "thing" that gets depreciated or where do I enter that "cost."

 

Also, where exactly do I enter the sale of my rental property on the DESKTOP version? 

 

I entered a bunch of sales/expense information in "your property assets" to calc my 2021 depreciation amt but my refund decreased (I'm assuming due to less depreciation for 2021) - even when I entered my realtors commission which was over $15,000. 

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.

1 Reply

Using TT2021 DESKTOP for MAC: On a Rental Property - If I buy $2500 in appliances and pay someone $300 to install all of them

The total cost of the asset, including installation costs, will become an expense when the asset depreciated over the asset's useful life.

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