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Investors & landlords
@hayshal wrote: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?
Yes, because it is $2,500 or less for each invoice for tangible property.
The costs of repairs are deductible as expenses without the need to use the de minimis safe harbor election.
‎February 26, 2023
10:01 AM
6,325 Views