DavidD66
Expert Alumni

Investors & landlords

Yes, I would classify them as "Appliances, Carpet, Furniture".  For any individual item that cost less than $2,500 you can elect the de minimus rule and expense those items.  TurboTax will ask you if you purchased any assets that cost $2,500 or less and give you the option to make the election.  For items more than $2,500 you will capitalize them, but if they qualify for bonus depreciation the program will give you the opportunity to elect that as well.

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