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Investors & landlords
Yes, you do need to make the Section 1.263(a)-1(f) election for de minimis safe harbor each year you choose to expense assets that cost under $2,500. TurboTax will ask you if you want to take the election when you enter your assets and if so, will include the election notice with your tax return.
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‎January 12, 2022
8:06 PM
8,247 Views