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Tax Year 2021, the de minimis safe harbor election allows taxpayers with business or investmnt property income to claim an automatic deduction for property that does not exceed a threshold amount. For each item or invoice, the threshold is ______ if they have appropriate accounting procedures in place.

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The invoice or item, considering that they have all appropriate accounting procedure in place, the threshold is $2,500 or less per item IRS
User Renanleandrof
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