De minimis safe harbor/appliance

[6bowl]

If I make this election for a $1,000 rental property appliance, and then in 2 years the appliance irrepairably ends, do i need to do anything to my tax return? Thanks

[tagteam]

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@6bowl wrote:

If I make this election for a $1,000 rental property appliance, and then in 2 years the appliance irrepairably ends, do i need to do anything to my tax return?

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No. If the appliance is scrapped, then the cost recovery is complete, and nothing needs to be reported on your return.