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Rental real estate depreciation for new roof installed in 2010

Forum|Forum|4 years ago
April 8, 2022
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TurboTax Business Windows

Best answer by Anonymous_

Everything has been fully depreciated except one item, and it appears the TurboTax program asked for Separate entry for assets that are not yet fully depreciated. So, are you saying if I just add all of the depreciation up to the date of sale for all items including the house structure etc. then that’s the only number I need?

@malichi99 wrote:

.....if I just add all of the depreciation up to the date of sale for all items including the house structure etc. then that’s the only number I need?

Yes, that is one method for entry.

A

Anonymous_

Employee

Do you have a question?

Are you, in fact, using TurboTax Business?

M

malichi99Author

Yes, I’ve owned a property since 1983 and made improvements over the years. Where should I enter fully depreciated items such as roof, carpet, refrigerator, etc. I’m using Ttax Business.