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Investors & landlords
Once upon a time you could not expense certain items on the Sch E ... they all had to be depreciated. But that changed and certain 5 year items could be expensed instead. It is a personal decision to depreciate or not depending on how it will affect the bottom line of the tax return. Taking the expense even if you will not get a current tax benefit simply reduces the need to deal with depreciation tables for small expenses.
‎January 5, 2022
8:57 AM