I regret not having seen your post before today, since I had not received a message from TT.
Many thanks!
I am wondering whether I have a potential problem using DeMinimis on Schedule E. Our two daughters jointly own the house, and they do a 50-50 split of all expenses. In past years, when not using De Minimis, the Depreciation line (18a) refuses to split the $15,000 in depreciation expense. The same amount appears in the third column from the left. Hence, in past years, I have always entered depreciation expense on line 19a under Other Expenses, where TT does split the amount. However, with De Minimis activated, is the IRS going to disallow the expense, because it is greater than $2,500? Does the activation of De Minimis automatically treat all entries on line 19 to ensure that they are below the $2,500 threshold? To get around this, must I split the depreciation expense on line 18a, thereby entering the same amount on both of the girls' Schedule Es? Or, is there a TT problem on why the line 18a entry is not automatically split?
Thanks for your help, for sure!!
