Question

Where do I enter my start up costs for rental property (supplies, advertising, security system, etc.)? These were costs incurred before I advertised the prop. for rent.

Forum|Forum|4 years ago
April 9, 2022
1 reply
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TT gives only options to enter home improvements, room additions, and special tax assessments.

TurboTax Premier Online

That's because these are not rental expenses, they are personal. It is not a rental expense until the property is placed in service and available to rent. The security system is depreciated under the asset section. Advertising for a tenant would imply that the property was available to rent. It has its own expense category.