De Minimis Safe Harbor or Safe Harbor for Small Taxpayers

[John Hole]

I just replaced a refrigerator in my rental last year.  The cost of the fridge was more than the $2500 ( $2499 + tax + shipping).  Assuming that it is the only expense I have for my rental, can I expense the cost of the fridge for 2016 under Safe Harbor for Small Taxpayers (my SHST is about $8000)?  Or I have to depreciate it over the next 5 years?  I know that  this purchase doesn't qualify under the De Minimis Safe Harbor rule since it is over the $2500 per item limit.

 Thanks,

John

[Michael Seeker]

@John Hole - I can't comment on the tax situation, but I am curious why you'd spend $2500+ on a fridge for a rental property?

I have mostly higher-end units and typically put entry-level stainless steel appliances in.  I spend around $1800 for an entire kitchen (stove, micro, fridge, d/w).  I don't think I've even had a $2500+ fridge in any personal residence I've ever lived in.  Just trying to figure out what kind of rental would warrant a $2500+ replacement fridge.

I know this doesn't answer your question and may be too late to help with this purchase, but it might be worthwhile to try to manage costs more closely on something like this in the future!