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    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
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    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
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