$6/26/24,12$:$22$ PM

Under the tangible property regulations, taxpayers without applicable financial statements may apply a de minimis safe harbor election this allows them to claim the full expense as a deduction forSmall repair parts that the taxpayer elects to capitalize.Improvements costing less than $\backslash$$$2,000.$Property costing $\backslash (\backslash$$ $2,500\backslash )$ or less per invoice or per item.Repairs to real property costing less than $\backslash (\backslash$$ $2,500\backslash ).$