It would be helpful to have a feature to designate expenses as de minimis safe harbor as this is a book conformity rule. A business must expense the same assets for tax purposes as it does on its financial books
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@kjoproperties I agree. I’m a new investor and of our 5 investment properties, I have had to replace 3 water heaters. I am not sure if safe harbor is the way to go, but regardless I only see one way to book the expense in STESSA and that is through Capitalization. How would STESSA know which expenses I want to use safe harbor? -just learning.
I’m running into this now as well. How do you identify a de minimis safe harbor expense?