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Get your taxes done using TurboTax
The safe harbor refers to expensing property that costs less than $2,500. The qualified economic stimulus property election refers to taking bonus or section 179 depreciation on property that costs more than $2,500 or for which you choose not to expense under the safe harbor election. So, if you want section 179 or bonus depreciation, you don't want to elect out of qualifed economic stimulus property.
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‎April 14, 2023
7:59 AM
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