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The safe harbor election allows taxpayers to elect to expense improvements if the total amount paid during the year on the eligible property does not
The safe harbor election allows taxpayers to elect to expense improvements if the total amount paid during the year on the eligible property does not exceed the lesser of the following:
2% of the unadjusted basis of the eligible building property
$10,000
Amounts eligible for this election include all of the following EXCEPT: *
Utilities. | |
Repairs. | |
Maintenance. | |
Improvements. |
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