Thank you for your reply. Just for clarification, my understanding is:
- "You would report the repairs expense for the money you paid out of pocket." means I enter the out of pocket insurance deductible payment as repair expense (indeed, it is paid to the contractor).
- "You would not report the insurance deductible requirement because it is absorbed by the amounts you paid vs the amounts the insurance company paid" means there is no other special reporting for insurance deductible.
Also, TurboTax asks about "De Minimis Safe Harbor" choice. Therefore, can the appliance cost (< $2500) be expended rather than depreciated, too?
Thank you
