Thanks for replying. To clarify, I'm fine as to how to get TT to generate the election statement i.e. no issues with getting to Step 11, and Step 12 does not apply in my case.
What I'm looking to understand is if there is any specific (IRS) rule that says those items being expensed under said election MUST be reflected (e.g. separately) in a particular place on the return.
If you use the "Any Miscellaneous Expenses?" section in TT, they go Line 19 of Schedule E and you need to fill out a description:
If they MUST go here, I am asking whether you have to describe the specific items or if it's permissable to just have one lump sum for all the items included in the election along with a general description such as 'Total De Minimis Expenses'.
If they do not necessarily need to go on Line 19, is it OK to include them in the appropriate boxes e.g. Repairs, Supplies, Cleaning/Maintenance (Lines 5 - 17) as the case may be. The latter case is more straightforward, but there would be no way to tell the amount of expenses you have included under the election that would otherwise have had to be capitalized. It would look like any ordinary Schedule E except that you would have a generic "Section 1.263(a)-1(f) de minimis safe harbor election" statement attached.
In fact, in Step 8 TT tells you "Don't include any items you've already entered as expenses" but it's unclear whether it would have been incorrect to do so whilst still making the election, or if it is simply indicating there will be another way to enter them later (as Misc Expenses) if you have not already included them in your regular expenses.
Thank you.
