AJ D.
De Minimis Safe Harbor
Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1) For appliances that I purchase BEFORE official "available to rent" date. Do these h...
Brigitte Garrett
De Minimus Safe Harbor rule
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 u...
Dean Letfus
Do people ever learn? (Memphis market observation).
So brief background. I started investing in the USA around 08. Ended up in Memphis and with the help of a great mentor really got going in that city. It quickly became obvious that many parts of Memphis were terrib...
Bob Stein
De minimis rules for renovation
Hi. I renovated my rental unit structure with one contractor. Then I painted the whole unit and replaced all flooring, including the renovation, with two more. If the paint and flooring were each less than $2,500 o...
James Quillen
De Minimis plus Tax Credit
I am house hacking so the building is my primary residence. The water heater is on its way out.What are the rules for taking de diminimis for a piece of equipment that also offers a tax credit? Am I allowed to deduct ...
Nancy B.
De Minimus Safe Harbor HVAC Question
Single family rental property was bought a few years ago for $42,000.In 2018, furnace and air conditioner were replaced at the same time. They were listed as separate line items.The air conditioner was about $2700. Th...
Collin Hays
Beware of "land for sale" scams
A fellow contributor here, John Carbone, sent me a link yesterday to a lot for sale in the Smokies. The price certainly seemed reasonable. It so happened that I know the owner of the lot. He is one of our homeowner...
Hema Dasarathy
De Minimis Safe Harbor for 2016
I am confused. Under this rule can I deduct the purchase of a new fridge, washer dryer, microwave, dishwasher for a rental property bought in 2016, all under 2500 with bills for each? I am also actively managing and o...
Account Closed
Multiple 'de minimis' safe harbor elections?
Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...
Nik Gernhard
SHST, De Minimis, Routine Maintenance Safe Harbors
I have looked through other threads here and elsewhere and still not able to find the answers to my specific questions.We are closing on a property soon and going to use as a short term rental. This is our first and ...