Looking to adapt some forms for my needs. 

Looking to adapt some forms for my needs.

I think it's wise not to panic but to adapt while moving forward.

Nevertheless, it doesn't matter what I think, the law of the land will prevail and we must adapt to survive to the new way of live (even if for a short time).

Governments, States, Counties will need to adjust rules, laws and  people adapt to new ways.Life Events: People will loose their jobs, family members (unfortunately), People who never had any savings will be forced to dig even deeper into debt.

If you have a de minimis safe harbor election in place for the tax year and expenses related to the building structures subsystem are more than $2,500, the expenses would be capitalized.It might make a lot of sense to forgo the de minimis safe harbor election and apply the betterment, adaption, and restoration (BAR) tests instead if doing so doesn't jam you up in other areas. 

It's interested how we have adapted during COVID to continue to do what we love while being safe.

Those problems might be working with their tenants for the next few months, but also, to help solve problems for other investors who might need to move property.At the end of the day, it's the investor who has resources, is resourceful, and can adapt their business to create win-win-wins all the way around.... this is the person who will stay in business. 

If you have a DMSH election in place for the tax year and the total expenses allocable to the HVAC subsystem are more than $2,500, you would capitalize.If there is no DMSH election in place, you'd apply the betterment, adaptation, restoration (BAR) tests to make an expense vs capital expenditure determination.Either way, if the allocable costs are capitalized, my firm takes a partial asset disposition for the old system, which helps.

Unfortunately, due to Covid-19 we all have to adapt to the constantly changing environment.