Rentals if I have an appliance invoice <$2500 may I deduct it as A de minimis safe harbor election even if I do not meet the Safe harbor elect by Small Taxpayers?

[bgarrett1]

For rental properties if I have individual appliance (such as refrigerator) replacement invoices <$2500 then I may deduct them as A de minimis safe harbor election  even if I do not I meet the Safe harbor election by Small Taxpayers?  I don't understand what the Safe Harbor Election by Small Taxpayers would be used for if this is true. I appreciate any clarification you can offer not specific to Turbo tax but to the election.

[MinhT]

All small businesses (including your rental business) can benefit form the de minimis safe harbor election and fully deduct any assets costing less than $2,500.

Please see this IRS document on the de minimis safe harbor election.

https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations

[bgarrett1]

How does not meeting the Safe Harbor Election by Small Taxpayers (2% rule) rule effect this?  That is where I am confused.

[MinhT]

The Safe Harbor Election by Small Taxpayers (with the 2% rule) took effect on 01/01/2014. It has been replaced by the de minimis safe harbor election from 01/01/2016. There is no more the 2% rule now.