If I added a new air conditioner to my rental property, do I enter that in the Expense section, or the Assets/ Depreciation section?

welcomeyounow · ‎June 6, 2019

MinhT · ‎June 6, 2019

In 2016, the de minimis safe harbor election allows you to expense any item costing $2,500 or less.

If your unit costs $2,500 or less, you can enter it in the Expenses section. If it costs more than you enter in in the Assets/Depreciation section.

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MinhT · ‎June 6, 2019

In 2016, the de minimis safe harbor election allows you to expense any item costing $2,500 or less.

If your unit costs $2,500 or less, you can enter it in the Expenses section. If it costs more than you enter in in the Assets/Depreciation section.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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