Terry53029
Level 14
Level 14

Thanks for you reply @sjrcpa . I did omit one very important fact " cost of improvement is less than $10,000 or 2% of basis of building, not all improvements 😁. Still I have never took that into account. Have used the de minimis safe harbor, but have capitalized many roof replacements that have cost less than $10,000 for several small TP. Might have to change my thinking.