Grease Trap Depreciation

stellarun21 · ‎March 2, 2022

Do you treat grease trap $1,000 (material +installation) as 1250 property and depreciate over 39 years. It is for a restaurant business. Thanks for your time.

MinhT1 · ‎March 3, 2022

You can make the de minimis safe harbor election and completely expense all tangible property up to $2,500 per item.

This would be the best tax treatment for your grease trap.

Please read this IRS document for more information.

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View solution in original post

MinhT1 · ‎March 3, 2022

You can make the de minimis safe harbor election and completely expense all tangible property up to $2,500 per item.

This would be the best tax treatment for your grease trap.

Please read this IRS document for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Grease Trap Depreciation