RoyV
Level 2

Deductions & credits

Thank you.   When I saw the screen read  "When you come to the screen, Did you buy any items that each cost $2,500 or less in 2021? mark the Yes button and click Continue. "  ....I am now thinking this is an option to not treat a $8,000 cabinet remodel as an improvement since all my receipts for this were less than $2,500.  It seems from the language that I can use de minimis safe harbor for the whole remodel and I need to itemize all these as miscellaneous expenses.  This will give me a big loss for the year on the rental unit but it seems like this is an option to me.  Any thoughts?