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February 13, 2024

Replaced hvac unit on rental

  • February 13, 2024
  • 1 reply
  • 0 views

What is the asset category for a replacement hvac unit that was installed on a residential rental unit?

    1 reply

    DoninGA
    Employee
    February 13, 2024

    The HVAC is depreciated at the same rate as the residential rental property, 27.5 years.

    February 13, 2024

    But how do I categorize that asset on TurboTax?