Unregistered 08:58 AM 09-13-2019
I've read through a few of the kitchen remodel threads but couldn't find an answer to my question. We completed a kitchen remodel that was well over $2500 and will need to be depreciated.
My question is, must the appliances and other things we bought for the remodel also be depreciated or can their T/S% be claimed in one year because they are individually less than $2500? Dishwasher, fridge, stove, storage shelves, handles for the cabinets, a new sink faucet etc.
Any insights are appreciated!