TaxGuyBill
Level 15
04-17-2020
04:29 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@dati001 wrote:I want to elect De minimis safe harbor for small business. Should I input the asset in the depreciation screen 22 and make an election 1.263(a)-3(h) on screen 46?
§1.263(a)-3(h) is NOT the De Minimis Safe Harbor election. It is the Safe Harbor for Small Taxpayers. They are two different elections.