We have a very tiny ebay business. No complicated accounting. Took deduction for $800 computer bought last year and put-into-service this year. Thought sec 179 not avail because not same year as bought. Selected special depreciation 100% instead of 5 yr depreciation. Kosher, right? Until we reviewed forms filed and found Section 1.263 De Minimis Safe Harbor Election was sent to IRS. Why weren't we told this? We never checked this or saw a screen question for it!!!! Don't think we want it. Read it changes our accounting to complicated and once claimed can't be revoked it. What does this mean? Is this a TT bug?
We're in a panic we'll have to turn around and file an amended return.
Thanks!!!
