Small Taxpayer Safe Harbor

The Tangible Property Regulations include a Safe Harbor for small taxpayers. This safe harbor is an excellent opportunity for (among others) single-family residential rentals, apartment complexes, and student housing. This Safe Harbor, within the Tangible Property Regulations (under ยง263a), allows all expenditures under the lesser of $10,000 or two percent (2%) of the unadjusted basis …

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