Routine Maintenance Safe Harbor

[Gretel]

I find conflicting information if this is an election that is attached to the tax return or if you elect by just doing it. Does anyone know for sure?

[Lion]

I think -- the business makes an informed decision to use the RMSH prior to the beginning of the year, acts that way all year, and optionally puts their decision to paper when made by 31 December 2013 for 2014. Then, they attach an election to their 2014 tax return to report the election they made.

[TXEA]

The RMSH is a safe harbor - there is no election to file. The taxpayer must expect to perform the RM as follows

For personal property - more than once during the class life (ADS) of the property


For Real Property - more than once in the ten year period beginning with the date placed in service.

[Bill Griffin]

Routine Maintenance Safe Harbor (RMSH)

RMSH is an accounting change (#184).

[Gretel]

RMSH is an accounting change (#184).

...but a small taxpayer does not have to do file form 3114, it's optional now for all changes, right?

In my case it's land improvements added to existing land improvements. I believe this qualities, anyone disagree?

[TXEA]

what kind of land improvements?