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MinhT1Answer
Alumni - Intuit
June 6, 2019

If this equipment is for your home (residence), it is not deductible.

If this is for a rental property, it is deductible as repairs if it costs less than $2,500. If it costs over $2,500, the equipment has to be capitalized and depreciated.

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6 replies

MinhT1Answer
Alumni - Intuit
June 6, 2019

If this equipment is for your home (residence), it is not deductible.

If this is for a rental property, it is deductible as repairs if it costs less than $2,500. If it costs over $2,500, the equipment has to be capitalized and depreciated.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 3
June 6, 2019
If the cost is below $2500, can I elect to depreciate?