ndsmith75
Level 1
03-08-2021
11:05 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do I elect the Section 1.263(a)-1(f) De Minimis Safe Harbor Election in Pro connect. Where is the input
Labels
JMP
Level 3
03-08-2021
11:21 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Go to Other -> Elections -> Misc. Elections (upper right), then scroll down until you find the checkbox.
In the future, I recommend you use the search box. If you search for the phrase "de minimus" the answer to your question appears in the search results.
LynnCirce
Level 1
04-14-2021
10:57 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello JMP,
Used the search box - thank you.
Once I choose the election, where do I enter the expenses?
Thank you
Lynn
JMP
Level 3
04-14-2021
11:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You can enter them like any expense on Schedule C but I think it's a good practice to call each one out as a separate item by using the "other expenses" button. That way, they show up on page 2. For example: "Dishwasher (de minimus).... $700."