I spent $6,500 on a new furnace and air conditioner for my rental. It looks like a need to set it up like a new asset like property and depreciate it over 27.5 years. I see that if it was less than $2,500, I could use the Safe Harbor. Can I just take the safe harbor for $2,499 this year instead? Can I use the safe harbor for Small Projects or Routine Maintenance? Can I use Section 179? Any help clarifying this would be greatly appreciated.
