https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rentals-if-i-have-an-appliance-invoice-lt-2500-may-i-deduct-it-as-a-de-minimis-safe-harbor-election/01/376424#M15088 <P></P><P> </P><P>For rental properties if I have individual appliance (such as refrigerator) replacement invoices &lt;$2500 then I may deduct them as A de minimis safe harbor election&nbsp; even if I do not I meet the Safe harbor election by Small Taxpayers?&nbsp; 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.<BR /></P> <P></P><BR /> Tue, 04 Jun 2019 00:18:59 GMT bgarrett1 2019-06-04T00:18:59Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rentals-if-i-have-an-appliance-invoice-lt-2500-may-i-deduct-it-as-a-de-minimis-safe-harbor-election/01/376424#M15088 <P></P><P> </P><P>For rental properties if I have individual appliance (such as refrigerator) replacement invoices &lt;$2500 then I may deduct them as A de minimis safe harbor election&nbsp; even if I do not I meet the Safe harbor election by Small Taxpayers?&nbsp; 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.<BR /></P> <P></P><BR /> Tue, 04 Jun 2019 00:18:59 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/rentals-if-i-have-an-appliance-invoice-lt-2500-may-i-deduct-it-as-a-de-minimis-safe-harbor-election/01/376424#M15088 bgarrett1 2019-06-04T00:18:59Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/all-small-businesses-including-your-rental-business-can/01/376429#M15089 <P>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.</P><P>Please see this IRS document on the de minimis safe harbor election.</P><P> <A href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations" rel="nofollow" target="_blank">https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations</A> <BR /> </P><BR /> Tue, 04 Jun 2019 00:19:01 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/all-small-businesses-including-your-rental-business-can/01/376429#M15089 MinhT 2019-06-04T00:19:01Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-not-meeting-the-safe-harbor-election-by-small-ta/01/376434#M15090 How does not meeting the Safe Harbor Election by Small Taxpayers (2% rule) rule effect this?&nbsp;&nbsp;That is where I am confused. Tue, 04 Jun 2019 00:19:02 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-not-meeting-the-safe-harbor-election-by-small-ta/01/376434#M15090 bgarrett1 2019-06-04T00:19:02Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-safe-harbor-election-by-small-taxpayers-with-the-2/01/376439#M15091 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. Tue, 04 Jun 2019 00:19:04 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-safe-harbor-election-by-small-taxpayers-with-the-2/01/376439#M15091 MinhT 2019-06-04T00:19:04Z