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Investors & landlords
Sorry that earlier reply wasn't very clear (consequences of trying to work on this late at night). The washer was indeed way < $2500 and have documented it in the Other Miscellaneous Expenses section.
I have had some other repairs including replacing water heater, replacing broken thermostat, replacing burst pipes, and replacing AC capacitor. As long as each of these repairs was <$2500, I can add them to the Other Misc Expenses to fall under the de minimis safe harbor? And if I elect to expense them as such, I would not put anything in the Repairs section?
Thanks
‎February 26, 2023
9:48 AM