@DianeW777
Thanks Dianne,
I think I'm going astray somewhere so will add your steps where I got slightly diufferent choices and see if you can figure out where I'm going astray:
- If you mark that every item cost $2,500 or less, you will be brought to the Rental Summary screen. You have elected the De Minimis Safe Harbor provision.
- Not for my case (Water heater < 2500, windows, furnace>2500)
- If you mark that some cost above $2,500, you will be asked Did you make improvements to your rental in 2024?
- If you say Yes, you will be taken through the screens for the Improvements election.
- I said _"No" (is that correct for my case above?)
- If you say No, you will see the screen
- Do you have any items that aren't covered by your elections?
- I said "no" again. Is that correct?
- Continue through the screens to enter these assets.
- So do I in fact add new assets? I thought not (I'm using the DMHSE and SHEFST to qualify as expenses?) Thought assets would put them in the improvements category. when I did a simple test it started to take me down the 179 path
I think I'm off your path at this point
- Continue to complete your entries
- Select Edit beside your property
- Scroll to select Add expense or asset
- I only see "Add Asset" (no expense) - which tells me I went astray as you path is very prescriptive
- Scroll to select the expense Miscellaneous
- and clearly I didn't make it to this screen
- I can add screen shots if forum allows and you would be helpful
appreciate your further assistance
