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January 24, 2021
Solved

categorizing an irrigation system on my rental property

  • January 24, 2021
  • 1 reply
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I'm trying to add my new irrigation system in TT so that I can depreciate it.  Do I add it as a "residential rental real estate", "Appliances, carpet and furniture", or "land improvement" asset?

    Best answer by ColeenD3

    Since it attached to the land, it is considered a land improvement.

    1 reply

    ColeenD3
    ColeenD3Answer
    January 24, 2021

    Since it attached to the land, it is considered a land improvement.