Author Topic: Entering new roof on rental in Tax Act  (Read 339 times)

Gone Fishing

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Entering new roof on rental in Tax Act
« on: April 02, 2019, 10:59:00 AM »
I put a new roof on my rental last year and can't find where to enter it to increase my basis and begin depreciating it.  Tax Act isn't answering the phone, any one know how to do this?

Gone Fishing

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Re: Entering new roof on rental in Tax Act
« Reply #1 on: April 02, 2019, 01:53:49 PM »
If I don't hear back from Tax Act I might just enter it as another asset.

RetiredAt63

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Re: Entering new roof on rental in Tax Act
« Reply #2 on: April 02, 2019, 04:52:56 PM »
Why not ask in the landlord and tax sections of the forum?

bacchi

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Re: Entering new roof on rental in Tax Act
« Reply #3 on: April 02, 2019, 05:01:57 PM »
I used H&R this year but isn't this another Schedule E depreciating asset?