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Get your taxes done using TurboTax
You are correct, the actual description is 'Safe Harbor Election for Small Taxpayers' versus Business.
Yes, the property is being associated with the election, so the property's name is fine.
One line item combined miscellaneous expense of ~$5k. Is correct. You don't need to break it into separate categories. Keep in mind to keep track of all of these expenses until you sell the property. It will be a reduction to your cost if sold.
Qualified Business Income Deduction (QBID):
The time frame would still be relatively close to the 250 hours, so you should be sure you have a good record. Add anything you missed, like work and hours any other person or contractor may have, like lawn care. If you are confident with the questions and records, you should continue with the QBID.
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