Richard1024
Level 3
03-16-2021
11:35 PM
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Thank you for your response regarding the deminimus threshold. Greatly appreciated. Currently, there is about $15k in expenses for the period of rental through sale listing at 12/20, of which $4.5k relates to the AC unit. I don't believe they itemized invoices to consider the deminimus threshold of $2500 per item. Since the property is now sold as of February 2021, no more depreciation applicable to the future years. As expenses (repairs, maintenance & improvements) are greater than $10k, appears the safe harbor may also limited?