Melissa Koon
No Itemized Invoice De Minimis Safe Harbor
I have a rental home and had the HVAC and water heater replaced last year. The furnace stopped working and was in need of costly repairs that would likely only prolong a replacement. Since they were already replacing ...
Chris Gilbert
Tax deductions under the de minimis rule
We replaced the deck on our rental house in 2016, but to make a long story short, we made a number of individual payments for various parts of the deck. We made payments for various materials, labor for different par...
Zach Wilson
Planning to use 401k funds to purchase home to rent
I’m new to real estate and on course to get my license but I came up with an idea on using funds from my 401k to purchase an home so I can rent out to tenants. Thoughts and feedback pls!
Joe Hermanson
I'm considering a Self-Directed IRA for Real Estate Investment
I'm considering to start a self directed IRA to invest in Real Estate and I'm wondering if it's worth it? I'm curious if anyone out there has used them and has an opinion on whether or not it's worth the effort. Als...
Orlando Brockington
Ready to Start my Real Estate Journey
Hello Bigger Pockets!
My name is Orlando Brockington Jr, and I’m getting ready to start my real estate journey! I’m 38, married with 3 kids! A year and half ago, I had a mini mid life crisis as I like to call it! I’l...
Scott Chauncey
What is allowed under De Minimis Safe Harbor
Would items that are typically depreciated over 27.5 years (ie furnace, flooring, water heater, doors, etc...) be allowed under this act if they are less than $2,500? Additionally, would appliances like a fridge be al...
Kenneth LaVoie
Condo for us part time / renting out part time
I posted here about how my wife and I have been agonizing over buying a condo for ourselves in Southwest Fla for years: https://www.biggerpockets.com/forums/530/topics/32...We are close to talking ourselves out of it,...
Mike G.
Does "De Minimus Safe Harbor" apply to real property?
I have been reading mixed opinions on this question in multiple forums and wanted to see if anyone had any references or could provide for further clarity. According to IRS regulations, "Under the final tangibles reg...
Mila F.
De Minimis Safe Harbor - before property placed in service?
I stumbled over this thread from a few years back on DMSH election for costs incurred prior to placing a property in service. It was a heated debate with no consensus: https://www.biggerpockets.com/...What's the in...
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...