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State tax filing
They are two completely different elections.
If you qualify for the De Minimis Election (and actually make the election) , it allows you to deduct items up to $2500.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ad...>
If you qualify for the Safe Harbor Election for Small Taxpayers (including the 2%/$10,000 limit for all repairs, maintenance, and improvements) and actually make that election, you can deduct ALL amounts, regardless of cost.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Sa...>
If you qualify for the De Minimis Election (and actually make the election) , it allows you to deduct items up to $2500.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ad...>
If you qualify for the Safe Harbor Election for Small Taxpayers (including the 2%/$10,000 limit for all repairs, maintenance, and improvements) and actually make that election, you can deduct ALL amounts, regardless of cost.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Sa...>
‎June 6, 2019
4:26 AM