De minimis safe harbor range, mult properties

[6bowl]

I've been unable to locate these 3 answers.

1. Can I have a rule to depreciate $200-$1,500 for example and take the de minimis election for $1,001 to $2,500? Or does taking the election REQUIRE me to expense everything under $2,500?

2. If I'm taking the d.m. safe harbor deduction under "other" will  my line 14, 15, etc on the schedule E be blank (except for items under $200)?

3. If I have 4 rental properties on my schedule E, can I use de minimis on only say 2 of them?

Thank you for your help. 

[12rer4w6w7eyuhti989tydggher644er]

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@6bowl wrote:

1. Can I have a rule to depreciate $200-$1,500 for example and take the de minimis election for $1,001 to $2,500? Or does taking the election REQUIRE me to expense everything under $2,500?

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The election requires you to expense everything $2,500 or under (per invoice or per item).

[12rer4w6w7eyuhti989tydggher644er]

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@6bowl wrote:

....If I have 4 rental properties on my schedule E, can I use de minimis on only say 2 of them?

Thank you for your help. 

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I'm going to page @AmeliesUncle for this question, but I believe the election is per taxpayer and not per activity.

[12rer4w6w7eyuhti989tydggher644er]

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@6bowl wrote:

.....If I'm taking the d.m. safe harbor deduction under "other" will  my line 14, 15, etc on the schedule E be blank (except for items under $200)?

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I'm not sure what you are getting at here. Lines 14 and 15 are for repairs and supplies, respectively.

You could still have entries on those two lines (if they fit in those categories) as they are for rental expenses.

[6bowl]

@12rer4w6w7eyuhti989tydggher644er  If I had  $300 of paint for example that I was holding for that year of multi unit painting, I didn't know if that goes on my other expenses/de minimis election line, or up on my supplies line. It probably relates to my question 1. Thank you for your help

[12rer4w6w7eyuhti989tydggher644er]

Expenses are not on the election statement itself; they are entered on Schedule E.

[6bowl]

Yes. Sorry for my confusion. I'm putting my de minimis election items (never taken this election before) on line 19 /schedule E. I was making a seperate line item for each large category...de minimis safe harbor/supplies, de minimis safe harbor/ equipment. Typically I would put $300 paint for example on line 15/schedule E.  Now that I'm taking the de minimis election, it sounds like I'm required  to now put any de minimis category item down on line 19 and not up above? 

[12rer4w6w7eyuhti989tydggher644er · Accepted solution]

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@6bowl wrote:

......it sounds like I'm required  to now put any de minimis category item down on line 19 and not up above? 

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No, you can put them on any appropriate line in the Expenses section of Schedule E. For those items that do not fit a category, you can use Line 19 (Other).

It really makes no difference where you enter the items as long as you don't capitalize them (i.e., enter them as assets to be depreciated).

[AmeliesUncle]

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@12rer4w6w7eyuhti989tydggher644er wrote:

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@6bowl wrote:

....If I have 4 rental properties on my schedule E, can I use de minimis on only say 2 of them?

Thank you for your help. 

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I'm going to page @AmeliesUncle for this question, but I believe the election is per taxpayer and not per activity.

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I agree with Tagteam - if you make the election it must be applied to everything.