I'm sorry if someone's already responded to this question: like everyone else, I'm waiting for the depreciation/amortization form on our rental properties to be out. I purchased a washing machine and dryer for my rental in 2025 and paid $1,995. I'm going to expense it for 2025 rather than depreciate it. I'm wondering is i t ok to just put it in "other expenses" rather than wait for the missing form from Turbo Tax?
thank you
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It would be better to wait for the depreciation module in TurboTax, as you need to attach a De Minimis Safe Harbor election statement with your tax return to expense the asset properly. TurboTax will do that when you enter the equipment in the depreciation section.
Thank you!
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