Yes, you are exactly right. You have taken the correct steps for the TurboTax Desktop version.
Use the same description entered on your 2023 return for your 2024 return, then enter the amounts for each type of Safe Harbor.
DeMinimis Safe Harbor (DMSH) - Section 1.263(a)-1(f); and
Safe Harbor for Small Business can be used for the second description.
- The link is about this topic for your convenience.
NOTE: It's important to keep the records of these deductions because these expenses will reduce the cost basis of your property when you dispose of it, such as a sale.
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