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Subject Expert
No. Replace it now.
So you’re confirming I can claim the deduction, that’s good
Mentor
That might be a depreciating asset, not a deductible expense though.
Mentor
It probably depends on the cost. If it’s over $2500 you are going to have to depreciate it. ($5,000 if you file financial statements with the SEC) See https://www.landlordstudio.com/blog/3-irs-safe-harbors-landlords-need-to-know-about#:~:text=The%20De%20Minimis%20Safe%20Harbor%20is%20llimited%20to%20items%20costing,their%20tax%20return%20each%20year.