Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
Commercial Real Estate Investing
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Innovative Strategies
Mobile Home Park Investing
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Creative Real Estate Financing
Personal Finance
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Michael Bertsch's profile image
Michael Bertsch's profile image
Michael Bertsch
  • from Bossier City, LA
  • Member since Dec 29, 2015

User Stats

122
Posts
50
Votes
Michael Bertsch's profile image
Michael Bertsch's profile image
Michael Bertsch
  • from Bossier City, LA
  • Member since Dec 29, 2015
Michael Bertsch
  • Bossier City, LA
50
Votes |
122
Posts
Tax, SDIRAs & Cost Segregation

Water heater- depreciate or repair

Michael Bertsch
  • Bossier City, LA
Posted
I just replace a broken water heater on a SFR that has been in service for about 7 months. Now, I'm getting all my books in order. Would you guys write it off as a repair since it's a small section of the UOP, depreciate, or use bonus depreciation?
0 Votes
Follow
7 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Ashish Acharya's profile image
Ashish Acharya's profile image
Ashish Acharya
  • #4 All Forums Contributor
  • CPA, CFP®, PFS
  • from FL
  • Member since Apr 18, 2017

User Stats

5,181
Posts
3,653
Votes
Ashish Acharya's profile image
Ashish Acharya's profile image
Ashish Acharya
  • #4 All Forums Contributor
  • CPA, CFP®, PFS
  • from FL
  • Member since Apr 18, 2017
Ashish Acharya
#4 All Forums Contributor
  • CPA, CFP®, PFS
  • FL
3,653
Votes |
5,181
Posts
Ashish Acharya
#4 All Forums Contributor
  • CPA, CFP®, PFS
  • FL
Replied

@Michael Bertsch, Effective for taxable years beginning on or after January 1, 2016, the Internal Revenue Service in Notice 2015-82 increased the de minimis safe harbor threshold from $500 to $2500 per invoice or item for taxpayers without applicable financial statements (generally audited financial statement).

business profile image
INVESTOR FRIENDLY CPA®
5.0 stars
242 Reviews

Contact us

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

business profile image
TaxMD™ | AI-Powered Tax Planning

Contact us

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

2 Votes
Log In or Sign Up to Reply
Sort By:

Loading replies...