- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
You do not need to amend your tax return.
The de minimis safe harbor election is an annual election. The election can be made or not made each tax year. The election is not a change in method of accounting. Similarly, if you stop making the election, it is not a change in method of accounting either.
Please read this IRS document for more information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 13, 2022
10:03 AM