topic Should the cost of repainting the interior of a rental property be depreciated rather than expensed if the property is also being improved? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/should-the-cost-of-repainting-the-interior-of-a-rental-property-be-depreciated-rather-than-expensed/01/505625#M21299 <P>The improvements are: new windows and door, bathroom renovation, new boiler, kitchen modernization, new electrical wiring and fixtures, new carpet and vinyl.<BR /></P> Wed, 05 Jun 2019 02:15:06 GMT ipc1 2019-06-05T02:15:06Z Should the cost of repainting the interior of a rental property be depreciated rather than expensed if the property is also being improved? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/should-the-cost-of-repainting-the-interior-of-a-rental-property-be-depreciated-rather-than-expensed/01/505625#M21299 <P>The improvements are: new windows and door, bathroom renovation, new boiler, kitchen modernization, new electrical wiring and fixtures, new carpet and vinyl.<BR /></P> Wed, 05 Jun 2019 02:15:06 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/should-the-cost-of-repainting-the-interior-of-a-rental-property-be-depreciated-rather-than-expensed/01/505625#M21299 ipc1 2019-06-05T02:15:06Z The repainting of the rental property should be considere... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-repainting-of-the-rental-property-should-be-considere/01/505634#M21300 <P>The repainting of the rental property should be considered as part of the improvements. The cost should capitalized as an asset and depreciated.<BR /></P> Wed, 05 Jun 2019 02:15:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-repainting-of-the-rental-property-should-be-considere/01/505634#M21300 MinhT 2019-06-05T02:15:08Z Hello TurboTaxMinhT, Again, if I take the De minimis Safe... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/hello-turbotaxminht-again-if-i-take-the-de-minimis-safe/01/505642#M21301 Hello TurboTaxMinhT,<BR />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? Wed, 05 Jun 2019 02:15:09 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/hello-turbotaxminht-again-if-i-take-the-de-minimis-safe/01/505642#M21301 ipc1 2019-06-05T02:15:09Z Yes. https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes/01/505652#M21303 Yes. Wed, 05 Jun 2019 02:15:10 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes/01/505652#M21303 MinhT 2019-06-05T02:15:10Z Hello TurboTaxMinhT, Is the case that having made the De... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/hello-turbotaxminht-is-the-case-that-having-made-the-de/01/505661#M21304 Hello TurboTaxMinhT,<BR />Is the case that having made the De minimis Safe Harbor Election, then this has to be used for all applicable items? Wed, 05 Jun 2019 02:15:12 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/hello-turbotaxminht-is-the-case-that-having-made-the-de/01/505661#M21304 ipc1 2019-06-05T02:15:12Z