Hello,
In 2021, I purchased a new refrigerator for my rental property. The cost of the refrigerator was $1400 so I used the De Minimis safe harbor deduction to deduct the full cost versus defining the refrigerator as depreciating personal property.
In 2022, I sold my rental property and am trying to determine what/if any tax implementation does this De Minimis safe harbor deduction have when the associated rental property was sold. The refrigerator did remain with the property and transferred to the new owners.
Since it was not a depreciating asset, there is no depreciation to recapture.
Thanks for any guidance
