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Does De Minimus Safe Harbor election supersede my normal treatment of assets that cost under $200?
For example: normally when I purchase things like office chairs, cutting mats, pressing mats, storage drawers etc that cost under $200 I would just expense them as supplies on line 22 of my schedule c. Since I’m electing to claim the De Minimus safe harbor election this year do I now just list all those small items as De Minimus and bundle them on “other expenses”?
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March 20, 2021
10:51 AM