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Old 01-05-2014, 05:57 PM
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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!



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