related question to this.
also adding @DianeW777 as she answered my DMSH question last year and this thread was a year old:
Don't have all my forms yet to file but just getting prepped on the trickiest part.
So for 2024 I think I have both "de minimus Safe harbor election(DMSH)" and "Safe Harbor election for small taxpayers election". last year was my first year using DMSH so wanted to clarify if I can and how to use both.
My repairs faller under the 10k just barely and that limit is smaller than the 2% limitation.
I have water heater purchase of ~$700. Installed myself
I have new vinyl windows lot purchase price from manufacturer directly~$3300, separate installing contractor invoice ~$1800.
I have replacement furnace - equipment plus install by contractor - on 1 contractor invoice ~$3200.
Do I put the Water heater under "DMSH", and the windows, window install and furnace under "Safe Harbor election for small taxpayers"? If yes, can you advise noteworthy step by step instructions, or is the Turbotax questionnaire pretty intuitive to follow?
Thanks in advance for your review/response.
