cndy_orth
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Thank you. Yes, the air handler is under $2500. Do you have to manually file a tax return if you use the de minimus Safe Harbor?Cindy
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I have read your synopsis of HVAC. When you itemize an invoice, there are two parts in my case, a heater and an AC for a two bedroom apartment. Each apartment h...
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Marilyn,According to Turbo tax, if you spread the asset over 5 years, as in a balcony repair ( my portion is $1400), the system allows you to do this. If you us...
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When you split the depreciation, if it is under $2500, the system allows you to take a section 179 expense which means you can expense it in the current year or...
Activity Feed for cndy_orth
- Cheered I was able to eliminate the 8582 and disallowed passive l... for bpq643. March 6, 2023 10:20 AM
- Posted CA Resident PA Passive Income; Depreciation inquiry on State tax filing. March 6, 2022 11:03 AM
- Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. February 15, 2022 9:06 AM
- Posted Re: Depreciation for HVAC in 2020 on Investors & landlords. February 7, 2022 3:25 PM
- Posted Re: I have one property which I own 50 percent. When I calculate expense and income it splits it ... on Deductions & credits. February 2, 2021 9:47 AM
- Posted Re: I have one property which I own 50 percent. When I calculate expense and income it splits it in half but it does not split depreciation in half. Why is that? on Deductions & credits. January 29, 2021 9:07 AM