Tax Time and Renovations

[Shane Welch]

As many of you have probably done before, I have a ridiculous amount of Home Depot transactions and purchases for 2020.  I have items that cost me from $.25 to $1,000 and I have a few questions regarding how exactly to break everything down for tax time.

Firstly, should I be separating every box of nails/paint brush/wood and itemizing it?  Or should all the small things under $75 be lump summed.  If so, what tax category do these small things technically go in? 

Secondly, when reviewing the IRS asset depreciation schedule, it states 5 years for appliances, do things like, ceiling fans, sinks, light fixtures, count as an appliance?  Or do "fixtures" go under the 7-year category?  How about tools? (Drill, Sander, Hammer, ect)

Lastly,  what "renovations" can I list as repairs.   Example:  Replacing the horribly old/broken outlets in the house.  

Thank you for taking the time to read/answer these! I hope other newbies can learn from this post as well.   Please let me know if there are other considerations I should be having.