Diminuous expenses less than $2,500, collectively, they exceed $2,500. Is annual cap?
Mastering Rental Property Finances for Tax Season
If you have several expenses that each is considered diminuous. I don't know if I said that right. Diminuous expenses less than $2,500. However, collectively, they exceed $2,500. So is the annual deduction capped at $2,500 per year or per item?
Question ID: 6605003 Status:
Open Feb 06, 2025 - 01:09 AM
1answer
Answer
Feb 06, 2024 - 01:09 AM
It's per invoice line item.
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