Business Expenses (LLC)

[Cdmir]

Hello,

A few questions on business expenses this year.  I've read in a few spots about the De Minimis Safe Harbor Election for Turbotax and I could use some clarity with helping file.  For reference, I have TurboTax Home and Business 2022.

I started a business in 2022 and the main asset is a computer, which I've already listed and deducted.

In addition, I also got an office chair and a few other items that are each anywhere from $80-193.  I have read that these can be deducted, not as assets, but as expenses and filed under miscellaneous, but also that it falls under De Minimis Safe Harbor.  I want to make sure that I am doing this correctly including how I note it in the section that I do.  I have already answered that "some items are greater than 2500 and some are less" and it asked me the follow-up question about whether I made any construction improvements (I didn't), but don't see anything about this deduction following that question.

My specific questions are:

1. For these expenses, should they be filed under Miscellaneous or another section?

2. Should I be documenting each item as what it is (i.e. Office Chair) or something that references De Minimis Safe Harbor?

Thanks!

[Vanessa A]

1. For these expenses, should they be filed under Miscellaneous or another section?  Yes, they should be filed under the Miscellaneous Expense section. 

2. Should I be documenting each item as what it is (i.e. Office Chair) or something that references De Minimis Safe Harbor? Yes, you will list what each item is.  You can also reference De Minimus Safe Harbor, but you do not have to.