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To: Raycpa

I forgot about safe harbor,,had read briefly on that yesterday.

So, would I list the computer & software under Part V, Other Expenses, and then attach the statement described below?

You should attach a statement titled “Section 1.263(a)-1(f) de minimis safe harbor election” to the timely filed original federal tax return including extensions for the taxable year in which the de minimis amounts are paid. The statement should include your name, address, and Taxpayer Identification Number, as well as a statement that you are making the de minimis safe harbor election.


5 posted on 04/08/2022 1:21:31 PM PDT by Cedar
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To: Cedar

The deduction should not exceed the FMV of the equipment when placed in service.


11 posted on 04/08/2022 1:50:02 PM PDT by Raycpa
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