Thanks for the info but I have a question on my situation as I got different answers so just want to check with you. My contractor charged me $1150 to replace my tenant ‘s old refrigerator ($1000 cost of the new refrigerator and $150 labor to set up). I think I can use this Dr Minimis rule to claim $1150 as “expense” instead of depreciation for 5 years. Is that true? Thanks.
