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posted Jun 4, 2019 12:09:25 PM

What is Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers? Why did I have this form in my tax return?

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Not applicable
Jun 4, 2019 12:09:26 PM

do you have rental properties?    the election doesn't get there automatically. you had to do something.   

basically this election prevents the IRS from saying items you classified as repairs are really capital improvements that need to be depreciated.  there are thresholds  here's the reg

https://www.bradfordtaxinstitute.com/Endnotes/Reg_1_263a-3h1.pdf