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Business & farm
OK, I could use a bit more direction. I purchased a used laptop for $500, and a used safe for $1140. (I also bought some storage bins for parts.) I lean toward the simplicity of just deducting them once this year rather than having to keep track of things for multiple years. That said, it sounds like doing so would require attaching a statement titled "Section 1.263(a)-1(f) de minimis safe harbor election". Does Turbo Tax recognize this and do it for me, or do I have to create the statement on my own?
Is there a way of simply taking a one-time deduction on these without any long-term tracking or extra statements? (I know this may cost me extra $ over time.)
‎September 30, 2023
10:23 AM