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Deducting tangible improvements such as appliance purchases from rental income
I am the owner of one rental property. I don't have any businesses. I am making improvements to my rental property to make it ready for sale. Can I use the de minimis safe harbor election to deduct up to $2,500 for each appliance or any other tangible purchase from my rental income?
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‎December 9, 2023
9:23 AM