Deductions & credits

@mcsinkking 

1. You are replying to a discussion that is more than 5 years old.

2. That election is only allowed for investment property, not personal property, and only if the capitalization election was made in writing each year and attached to each past tax return.

3. That election has been disallowed for tax years 2018-2025 as a result of the 2017 tax reform law that removed the miscellaneous 2% itemized deduction.