categorizing an irrigation system on my rental property
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?
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?
Since it attached to the land, it is considered a land improvement.
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