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Deductions & credits
If you do not use the Safe Harbor election, the appliances are depreciated over 5 years. The De Minimis Safe Harbor election lets you deduct the full cost of items worth $2,500 or less, instead of depreciating.
What can I expense or depreciate with the business safe harbor election? This link also has instructions.
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‎February 15, 2022
3:55 PM
7,626 Views