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February 19, 2020
Question

Rental property furnishings such as TVs, furniture, etc

  • February 19, 2020
  • 1 reply
  • 0 views

How do I expense?  I do not want to set up assets because they are under $500.  Can I expense under Supplies or Maintenance?

1 reply

February 19, 2020

Yes, you can Expense these items. 

 

When you go to Assets/Depreciation, enter your items and choose the 'Safe Harbor Election' to claim these items as Expenses. 

 

Click here for more info on the Safe Harbor Election