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Investors & landlords
Hello @DianeW777 ,
I am attempting to again use the De minimus safe harbor election as I did last year. However, this year I am unable to find the question "did you buy any items that cost $2500 or less" which, as I understand it, is necessary for making the de minimus safe harbor election.
Currently, I only have one asset, the rental property. When I choose to "add an asset" it asks me to describe the asset and eventually gives me the section 179 option, but never does it ask me the $2500 question.
Is it possible the de minimus safe harbor election carries over from last year, so all I have to do is list the asset under "miscellaneous expenses"?
‎February 10, 2025
11:45 AM