I am a rental property owner and just began using the Safe Harbor Election. Assuming an expenditure properly qualifies for a Safe Harbor Election and the election is properly made, is it correct to assume that there will be no depreciation recapture for this expenditure when the rental property is sold?
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No, there is no depreciation recapture for assets expensed under the de minimis safe harbor election.
No, there is no depreciation recapture for assets expensed under the de minimis safe harbor election.
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