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Level 5
December 30, 2022
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Where to enter rental expenses qualifying for De Minimis safe harbor ?

  • December 30, 2022
  • 4 replies
  • 64 views

I'm doing the interview for Schedule E for some rental real estate.   I have a number of sub-$2500 items that qualify for the "de minimis" safe harbor.   Turbotax asks me the "annual elections questions" and I answer that I've got some items under $2500.   And it adds the Section 1.263 addendum (which states intention to use de minimis) in the forms area.

 

But I have no idea WHERE to add the items that I'm treating as expenses under de minimis.   I suppose some of them would qualify as repairs, supplies, etc and could be entered there.   But what about the ones that would normally qualify as improvements (and be required to be depreciated) but are allowed to be treated as expenses thanks to de minimis ?

 

 

    Best answer by Anonymous_

    Other expenses on Line 19 of Schedule E (Miscellaneous expenses in TurboTax).

    4 replies

    Level 15
    December 30, 2022

    Other expenses on Line 19 of Schedule E (Miscellaneous expenses in TurboTax).

    Critter-3
    Level 15
    December 30, 2022

    Repairs and/or supplies may also be correct ... your choice. But don't go crazy and enter everything separately ... if you have 20 items you can just make one VARIOUS repairs entry.   If the IRS ever questions it just show them the receipts.