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Expensing flooring using the de minimus rule
Purchased and investment property this year and purchased new flooring (click vinyl) and a cost of $2300 and an install of $1200. My question is, under the de minimus law can are these consider seperate items and can both be expensed vs depreciated? Or is it seen as a total expense of $3500 and must be depreciated? Thanks!
May 31, 2019
6:52 PM