Janitor Bob Posted February 23, 2015 Report Share Posted February 23, 2015 I do not do any business returns...a few small sole props Sch C and a few Sch E Rentals. I am seeing all of the fuss regarding the 3115 and repair regs that I'm kinda scared. Should I be? None of my Sch Cs have any inventory or large expenses or capital assets....Just COGS and misc supply expenses. My Sch Es are just routine taxes, maintenance & utility expenses. I have not done any yet, but they are in the que. Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 23, 2015 Report Share Posted February 23, 2015 Watch out for your renters in case they had roof replacements/repairs, boiler or furnaces replaced, windows... those are the items that will be subject to analysis and possible correction - and do the de minimis election. Unless the just-announced changes eliminate those concerns. My first renters just brought their doc's in so I had not yet looked into those announcements. 3 Quote Link to comment Share on other sites More sharing options...
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