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Tax, SDIRAs & Cost Segregation

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Joe DeLuca
  • Rental Property Investor
  • Readington, NJ
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36
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HVAC Replacement from flooding

Joe DeLuca
  • Rental Property Investor
  • Readington, NJ
Posted Oct 20 2021, 07:44

Hi All,

So we got hit pretty hard from Hurricane Ida and need to replace two full HVAC systems in our Triplex. I understand that this doesn't qualify under the de minimus safe harbor exclusion. 

Is there any way to write off these systems in some way, or would it need to be applied to the basis? 

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