About WhatsNex

Level 2

Member profile

Latest badges earned

Replies
Posts

Solved Re: Depreciation for HVAC in 2020

OK - so 27.5 year property (like HVACs, water heaters, kitchen cabinets) over $2500 are not eligible for section 179, bonus depreciation, or de minimum safe har...

WhatsNex

1

Updated Mar 20, 2023
Solved Re: Depreciation for HVAC in 2020

We do have a profit this year so I'd like to take the special depreciation this year but I'm not able to figure out how to do that in TurboTax? Here is what I t...

WhatsNex

3

Updated Mar 20, 2023
Solved Re: Depreciation for HVAC in 2020

Last clarification - the $3,300 HVAC is a 27.5 year item. Can I use section 179 or bonus depreciation?Thanks

WhatsNex

5

Updated Mar 20, 2023
Solved Re: Depreciation for HVAC in 2020

So, to clarify, all 27.5 year property such as HVAC and Water Heaters are eligible to use De Minimis Safe Harbor if the the line item on the invoice identifies ...

WhatsNex

7

Updated Mar 20, 2023

Activity Feed for WhatsNex

Posted Small claims judgement received in 2020 for a rental property that I no longer own. on Investors & landlords. ‎February 4, 2021 4:17 PM
Cheered Re: Depreciation for HVAC in 2020 for Carl. ‎January 28, 2021 3:05 PM
Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. ‎January 25, 2021 3:49 PM
Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. ‎January 25, 2021 3:32 PM
Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. ‎January 25, 2021 3:09 PM
Cheered Re: New Kitchen cabinets in rental unit for DaveF1006. ‎January 25, 2021 2:50 PM
Cheered Re: Depreciation for HVAC in 2020 for RayW7. ‎January 25, 2021 2:48 PM
Cheered Re: Depreciation for HVAC in 2020 for ColeenD3. ‎January 25, 2021 2:48 PM
Posted New Kitchen cabinets in rental unit on Investors & landlords. ‎January 25, 2021 1:52 PM
Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. ‎January 25, 2021 1:32 PM
Posted Depreciation for HVAC in 2020 on Investors & landlords. ‎January 25, 2021 11:36 AM

Membership stats

Public Statistics

Date Registered	‎November 30, 2019 12:08 PM
Date Last Visited	‎February 12, 2021 7:34 PM
Total Messages Posted	8

Quick links

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.