This office lease form describes the language to be used by a landlord seeking to charge the tenant for operating and maintaining the garage without offsetting the expense with income.
This office lease form describes the language to be used by a landlord seeking to charge the tenant for operating and maintaining the garage without offsetting the expense with income.
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De Minimis Safe Harbor Expensing: IRS regulations also allow small businesses to expense up to $2,500 of equipment purchases. The limit applies per item or per invoice, providing a substantial leeway in expensing purchases.
Routine maintenance and repairs normally aren't tax deductible and can't be included in the basis of your home. However, repairs and maintenance that are part of a larger home improvement project can be rolled into the adjusted basis for your home.
The $2,500 de minimis safe harbor (to which I believe you are obliquely referring) applies to tangible property, not maintenance (e.g., tree trimming, painting, et al) and other repairs, the latter of which are deductible provided the property is in service for rental use.
The De Minimis Safe Harbor is an annual tax election that business owners and real estate investors can make when they file their returns. The election allows you to automatically expense any item under $2,500 on your invoice.