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I don't understand this De Minimis Safe Harbor Election. I believe I qualify but where do I enter the expenses?

@PatriciaV  Thank you so much for getting back to me!  And to confirm, by deleting the asset, it won't automatically delete the associated form (1.263(a)-1(f) De Minimis Safe Harbor Election)?

AmyC
Expert Alumni

I don't understand this De Minimis Safe Harbor Election. I believe I qualify but where do I enter the expenses?

The safe harbor election allows you to write off the item this year rather than depreciating it. You should delete the fence from the depreciation section and have it only showing in your expenses area.

 

@A83Mxyz

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