Should the cost of repainting the interior of a rental property be depreciated rather than expensed if the property is also being improved?

[ipc1]

The improvements are: new windows and door, bathroom renovation, new boiler, kitchen modernization, new electrical wiring and fixtures, new carpet and vinyl.

[MinhT · Accepted solution]

The repainting of the rental property should be considered as part of the improvements. The cost should capitalized as an asset and depreciated.

[ipc1]

Hello TurboTaxMinhT,
Again, if I take the De minimis Safe Harbor Election and the cost of the painting is less than $2500, can I take it as an expanse?

[MinhT]

Yes.

[ipc1]

Hello TurboTaxMinhT,
Is the case that having made the De minimis Safe Harbor Election, then this has to be used for all applicable items?