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Deductions & credits
@MinhT1
Thank you. I'm very aware of those details and my question might be flying over everyone's head so I'll rephrase:
Is there anything in the literature disqualifying the expensing of property that is used less than 50% of the time for business using SAFE HARBOR DE MINIMIS? I am aware I cannot expense the entire cost of anything that is partly used for personal reasons, and I'm well aware of Sectiom 179 rules regarding business use.
What I'm trying to understand is if I can use Safe Harbor election to expense, for example, $250 of a $1000 camera, if the business use is only 25%. Or must it be 100%, or over 50% for business use.
‎February 13, 2024
12:49 PM