De minimis safe harbor
In accounting, de minimis safe harbor means an annual tax election to deduct, rather than capitalize, tangible property costing up to $2,500 per invoice or item — $5,000 with an applicable financial statement — provided the books expense the same amounts under an accounting policy in place at the start of the year.
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Authority
This definition follows Treas. Reg. §1.263(a)-1(f)-1).
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- capitalization threshold (the book policy it relies on)
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