Rental improvements only - how to fill out form 4562 for depreciation I have a rental property (not for business, just as an investment) that I installed a new HVAC in 2013. I know this needs to be depreciated via form 4562. I am NOT depreciating the home at all, just the HVAC system.
What section do I fill out on Form 4562? I am confused as to where I should put the cost of the HVAC system and then how much I would depreciate in 2013 (cost divided by 27.5 years).
Any help would be great. Thanks! |