Hello,
A few questions on business expenses this year. I've read in a few spots about the De Minimis Safe Harbor Election for Turbotax and I could use some clarity with helping file. For reference, I have TurboTax Home and Business 2022.
I started a business in 2022 and the main asset is a computer, which I've already listed and deducted.
In addition, I also got an office chair and a few other items that are each anywhere from $80-193. I have read that these can be deducted, not as assets, but as expenses and filed under miscellaneous, but also that it falls under De Minimis Safe Harbor. I want to make sure that I am doing this correctly including how I note it in the section that I do. I have already answered that "some items are greater than 2500 and some are less" and it asked me the follow-up question about whether I made any construction improvements (I didn't), but don't see anything about this deduction following that question.
My specific questions are:
1. For these expenses, should they be filed under Miscellaneous or another section?
2. Should I be documenting each item as what it is (i.e. Office Chair) or something that references De Minimis Safe Harbor?
Thanks!
