On your Asset Entry Worksheet, under type of asset, you can right click for a complete listing of rental fixed assets & get the corresponding code letter to use.
Where is HVAC ??? I recommend that you add it to your list. It's a very popular residential rental improvement.
PS
Hot water heater has letters F or G. 5 or 7 year property. I am getting some recommendations to use a 27.5 year life. Please research & confirm 5 or 7 years.
Thank you.
Bob Bender, CPA
Thanks for the idea to add HVAC to type of asset on Asset Entry Worksheet. We are changing the status to "Open for voting".
Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> ProSeries Idea Exchange
If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.