turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Trreating asset improvement as expense (de minimis safe harbor)

If I elect to have modifications of less than $2,500 treated as MISC expense in TT, is the entire expense deducted in the year it is claimed...or does it follow the same pro-rate rule as other expenses which are based on days rented Vs days occupied by me (as owner)?   Many thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
LeonardS
Expert Alumni

Trreating asset improvement as expense (de minimis safe harbor)

Yes, it would follow the same pro-rate rule as other expenses based on days rented Vs days occupied by you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Trreating asset improvement as expense (de minimis safe harbor)

Thank you, that was fast!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question