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Investors & landlords
Thanks Rayw7
The part on the De Minimis Safe Harbor will be helpful for some of my expenses. My floor cost $3000 and my cabinets $5500, installed. So I can't use it for those expenses, but I am still hoping I can expense these two items.
My work was caused by water damage and mold...I returned the cabinets and floor to with like kind material. I am not planning to raise the rent...I just wanted to get it back to where it was. The floor was the exact same floor I had before. The cabinets were new, so they are better condition but similar quality to what I had...builder quality. I have seen other postings on using this rationale to expense these types of expenses.
ā€ˇFebruary 5, 2021
4:33 PM