Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 
    hermanko
    New Member

    I replaced the roof of my rental property and want to input it into TurboTax as a capital expense. What are the steps to do this in TurboTax?

     
    posted
    ‎October 30, 2019 10:41 AM
    last updated ‎October 30, 2019 10:41 AM
    0
    1
    8,532
    Reply
    1 Reply
    TurboTaxKim
    Level 15

    I replaced the roof of my rental property and want to input it into TurboTax as a capital expense. What are the steps to do this in TurboTax?

    To enter any Capital Costs to your rental property in the EasyStep view of TurboTax installed on your computer:

    • Go to Rental Property > Yes > Continue > Rental Property Profile
    • Check the box that pertains to your CCA addition. *New roof is added to Class 1 - Building Additions in the year.
    • Make your entries on the T776 Building Additions page. (see example)
    ‎October 30, 2019 10:41 AM
    0
    8,320
    Reply

    Related Content

    Testy_McTestface
    klama385
    williamjdsouza
    GollFan
    wesley2211