Thanks tagteam (and Carl). I really appreciate the new information and details.
It sounds like in the past, property that cost < $2500 that became permanently fixed to a rental property (e.g. windows, carpet, vent fans etc) were considered improvements and would not qualify under the de minimis safe harbor.
However, it sounds like the new/recent 'final regulations' (Jan 5, 2022) allow (or don't disallow) these items of property (<$2500) that are permenently attached to the rental property (e.g. windows, carpet, vent fans etc) , to be expensed under the de minimis safe harbour (assuming the safe harbor & anti-abuse requirements as detailed above are met).
Is this correct?
If so, does it mean kitchen, bathroom, electrical and plumbing improvements in a rental property (<$2500 per invoice) can also be expensed under the de minimis safe harbor (assuming the safe harbor & anti-abuse requirements are met)?
Thanks again
