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New Member
posted May 11, 2022 2:39:29 PM

what are the options for writing off the cost of replacing a garage door on my rental property?

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1 Best answer
Level 15
May 11, 2022 3:50:17 PM

You can take advantage of the de minimis safe harbor election (i.e., deduct the entire cost all at once) if the replacement cost $2,500 or less.

 

See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ademinimis

1 Replies
Level 15
May 11, 2022 3:50:17 PM

You can take advantage of the de minimis safe harbor election (i.e., deduct the entire cost all at once) if the replacement cost $2,500 or less.

 

See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ademinimis