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Get your taxes done using TurboTax
Yes, you can use the de minimus safe harbor to expense appliances bought for a rental property, as long as the appliance cost less than $2,500. This is a TurboTax forum, not Pro-Series. You make the election and then you enter the appliances costing under $2,500 each as an expense. You do not set them up as assets.
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‎April 10, 2024
4:36 PM