De Minimus Safe Harbor rule

[Brigitte Garrett]

Looking for guidance on the following expenditures made and the application of the $2500 De Minimis Safe Harbor rules.

• Do either replacement of kitchen cabinets or replacement of flooring with laminate and vinyl fall under this rule?  If not why?  We cannot use the SHST rule because we have greater than 2% spending on just repair and maintenance.
• Is there a list of common spending activities on rental properties and the various current tax rules they fall under available anywhere?

Thanks so much!

[Jeff Brower]

Have a look at Brandon's article, but read the comments and replies. There is a lot of gold in the comments that relate to your question.

Hope this helps.

https://www.biggerpockets.com/renewsblog/forget-brrrr-try-barrrr/?utm_source=newsletter