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February 22, 2025
Question

How do I record the purchase of a new air condoning unit for my rental property?

  • February 22, 2025
  • 1 reply
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How do I record the purchase of a new air condoning unit for my rental property?

    1 reply

    KrisD15
    February 23, 2025

    Go to the Rental Property and Royalties section

    • Click EDIT for the property 
    • Scroll down to "Assets/Depreciation   START  or UPDATE
    • Select "Rental Real Estate Property"
    • Select "Appliances, carpet, furniture" if this was a window type air conditioner, 
    • Select "Residential Rental Real Estate" if it was a total house HVAC system

    Continue through the interview

    Depending on the cost, you may get an option of claiming the entire cost for 2024 or depreciating over time, that choice is yours, and may depend on the amount of rental income you have for 2024. 

     

    IRS Pub 527

     

     

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