Rental Rehab (Capital Expense) & then safe harbor small updates later in the year

[Karen Eggett]

I'm doing a large scale renovation on one of my rental properties, and have a question that I can't seem to find an answer to.

As I understand it, anything done as part of a larger renovation (even if it normally could be deducted under a safe harbor) is a capital expense, right?

Question: If I do a small project later in the year (that fits under one of the safe harbors) can I take the full deduction? Or do I have to wait until the next year?

[Sean O'Keefe]

@Karen Eggett incorrect. 

De Minimus Safe Harbor relates to individual capital expenses (can be renovation costs) that are $2,500 or less.

The other expenses you mentioned on the "small project" could be deductible under bonus depreciation (80%) in 2023. 

The benefit of the capital expenses deducted under De Minimus Safe Harbor is that there isn't depreciation recapture like there is on bonus depreciation. 
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*This post does not create a CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.