Can I deduct expenses of linens, bedding, drapes etc. on a vacation home rental property?

[jess109]

I purchased a vacation home in late 2015 that was rented briefly.  In 2016 linens, bedding, drapes, cookware, small appliances etc. were purchased.  Where would these items be categorized on schedule e? 

[PaulaM · Accepted solution]

Enter them as supplies, if you are still renting the property. Any appliances (stove/refrigerator) or furniture with a useful life greater than 1 year, would be listed as an asset and depreciated.

[jess109]

Thank you for your reply.  Can I deduct the appliances and furniture using the safe harbor election on a vacation home?  All items are under $2,500.  If so, what would be an acceptable description on Schedule E line 19 "other expenses"?

[PaulaM]

You still go to the Asset section. You will then answer the question: Did you buy any items for any business, rental property and/or farm that cost $2,500 or less in 2016? Then work through the section to identify which assets you would like to expense. See this link also for guidance <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3266204-de-minimis-safe-harbor-election">https://ttlc.intuit.com/q...>

[jess109]

Once again, thank you.  Just for reassurance should the description contain reference to "SHE"?  For example should it be described as "Appliances"or "Appliances - Safe Harbor Election"?  In other words do I need to specify that the "SHE" is applicable to those expenses?

[PaulaM]

Spell the entire words-Safe Harbor Election

[jess109]

Would this be appropriate?  Appliances-Safe Harbor Election
                                              Furnishings-Safe Harbor Election

[PaulaM]

Looks great 🙂

[jess109]

You're fantastic, thank you so much for your help and the quick responses.

[PaulaM]

You are welcome 🙂