topic Can I deduct expenses of linens, bedding, drapes etc. on a vacation home rental property? in Investors & landlords

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

jess109 — Tue, 04 Jun 2019 21:19:50 GMT

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?

Enter them as supplies, if you are still renting the prop...

PaulaM — Tue, 04 Jun 2019 21:19:51 GMT

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.

Thank you for your reply. Can I deduct the appliances an...

jess109 — Tue, 04 Jun 2019 21:19:53 GMT

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"?

You still go to the Asset section. You will then answer t...

PaulaM — Tue, 04 Jun 2019 21:19:54 GMT

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/questions/3266204-de-minimis-safe-harbor-election</a>

Once again, thank you. Just for reassurance should the d...

jess109 — Tue, 04 Jun 2019 21:19:56 GMT

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?

Spell the entire words-Safe Harbor Election

PaulaM — Tue, 04 Jun 2019 21:19:57 GMT

Spell the entire words-Safe Harbor Election

Would this be appropriate? Appliances-Safe Harbor Electi...

jess109 — Tue, 04 Jun 2019 21:19:58 GMT

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

Looks great :)

PaulaM — Tue, 04 Jun 2019 21:20:00 GMT

Looks great 🙂

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

jess109 — Tue, 04 Jun 2019 21:20:01 GMT

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

You are welcome :)

PaulaM — Tue, 04 Jun 2019 21:20:01 GMT

You are welcome 🙂