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Investors & landlords
The 250 hour rule governs whether you can claim your rental as a "business" for purposes of claiming the new (staring in 2018) QBI (Qualified Business Income) deduction.
There is no 250 hour rule for being able to deduct a new asset, under $2500, as an expense. You may deduct the the cost of a new refrigerator as an expense.
‎January 12, 2022
4:45 AM
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