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It sounds like in the past, property that cost < $2500 that became permanently fixed to a rental property (e.g Windows, carpet, vent fans etc) were considered improvements and would not qualify under the de minimis safe harbor. I spent a bunch of money putting new tile, painting, and making general repairs after i listed my house for sale Can i deduct these costs if i kept receipts?
Is an expenditure for a solar powered exhaust fan eligible for the § 25d credit Only the component part of a property that actually generates electricity for the dwelling unit is eligible for the § 25d credit. A basic business school marketing 101 solution is available Why not simply allay the loyal skeptics by offering a refund of the cost if the former cd customer is not satisfied with the perceived new product
I think the vast majority of the cd product fans would agree with this approach
1 reply anonymous_ level 15 1 reply volvogirl level 15 The cost basis you have to use is the basis that you used when you set up the property for depreciation as a rental property, plus additions and improvements that you capitalized, less the accumulated depreciation on the house and improvements You can add the cost of the roof added in the year of sale You do not add the cost of the hvac system to the basis of the house
When a tenant moved out of one of our rentals, we spent some money on painting the interior, replacing the ceiling fans and the blinds and installed new flooring and appliances I know that the flooring and appliances get depreciated, but do things like the new ceiling fans and blinds also have to b. I installed a qualified central air conditioning unit that qualifies for the $300 energy efficiency improvement credit, however, in turbotax deluxe, there is no option in the list of improvements for central air, it only shows windows, roof, insulation, air circulating fan, furnaces Where can i enter the central air conditioner to get the $300 credit.
The only issue is any changes in deductions or tax brackets for 2025 etc will be slightly different so you have to compensate a little for those situations to make it work e.g
You can mock up a w2 from your ytd pay statement but maybe 401k contribution limits have changed, hsa deduction limits have changed etc, and maybe do the final tax table.
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