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Deductions & credits
You can lump all of your de minimis expenses together and called them as such.
Repairs and maintenance expenses are deductible without an election. There is a category on schedule C for them. You need the election for improvements and asset purchases or you can set them up for depreciation. They are distinguished from repairs in that they improve the value of the property or extend it's normal useful life.
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‎April 19, 2022
5:11 AM