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For rental depreciation, what asset category does a new shed/carport go into?

Forum|Forum|6 years ago
June 1, 2019
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We added a combination shed and carport to the rental property. It is separate from the house. what asset category do I use to depreciate this expense?

TurboTax Home & Biz Windows

Best answer by PatriciaV

The new structure may be considered an improvement to the existing rental property. As such, it would be classified in the same category as the rental property. If the house is single-family residence, then you would use that category for the new shed/carport.

PatriciaVAnswer

The new structure may be considered an improvement to the existing rental property. As such, it would be classified in the same category as the rental property. If the house is single-family residence, then you would use that category for the new shed/carport.

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charjean47

Bought a used shed for $200. It is located on property where I have a rental house. Paid $300 to move it. Built a ramp for $75. Is the $575 an expense or an improvement/capital? Thanks