Solved: Expense (electing de minimis) or depreciate rental renovation costs?

sunshine39 · Jun 8, 2024 5:15:50 PM

I have read a number of posts here and articles online but am still unclear on what is acceptable. I did some renovations to the kitchen and bathrooms for a rental property. It involved a lot of expenses costing less than $2,500 per receipt for things like light fixtures, tiles, faucets, mirrors, shower doors, toilets, etc. The big ticket items costing more than $2,500 were for labor, cabinets and countertops. A lot of the information I've seen online indicate to expense tangible items like appliances, but I have not been able to find information about how to handle costs for other tangible items as mentioned that go into a renovation. Can I expense all the items costing less than $2,500 per receipt (via electing de minimis?) or must they be depreciated as a total cost of the renovation? Thank you very much to this community!