No, choosing to use the Safe Harbor election for a rental equipment purchase has no effect on the sale of the rental property. Because you reported this purchase as an expense, you have already taken a deduction against your rental income. The equipment you purchased is not carried as an asset for your rental property, so you don't have any cost basis to report with the sale. Any remaining value would be considered part of the rental property itself (the same as light or plumbing fixtures).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
