Hello All,
Where do I expense using the Safe Harbor(De Minimis) Election on ProSeries Professional?
I have a Barber client that purchased new scissors, blow dryer, hair clippers and trimmers, and shaving machine. He wants to take 100% deduction for the year he made the purchase (2019).
I see where to elect section 179, but I don't having trouble electing the Safe Harbor(De Minimis) option.
Any help or guidance will be greatly appreciated.
Thanks
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Show the items as a supplies expense
The election statement can be found under Miscellaneous > Elections. Double-click on Line 20 and check the box for the election. Since this is an expensing provision, you will not make any input for depreciation.
How much did *EACH* items cost? Are we talking $ 100 each or $ 1000 each?
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