@hayshal wrote:
Thanks @Anonymous_ @Carl . Question though, how do I go about selecting to use de minimis safe harbor election if my total repairs cost is already > $2500?
I suspect you may be referring to a different safe harbor. What I was referring to is the de minimis safe harbor for tangible property in §1.263(a)-1(f). The $2,500 limit is per invoice and unaffected by repairs.
Note: Effective for taxable years beginning on or after January 1, 2016, the Internal Revenue Service in Notice 2015-82 increased the de minimis safe harbor threshold from $500 to $2500 per invoice or item for taxpayers without applicable financial statements.
See https://www.irs.gov/pub/irs-drop/n-15-82.pdf
