In our old software there was a nifty checkbox that printed out the De Minimis Safe Harbor election (Regulation Section 1.263(a)-1(f)). It was a simple checkbox that a preparer can check and then it prints a form that is attached/included with the return. The De Minimis Safe Harbor is an annual tax election that business owners and real estate investors can make when they file their returns. The election allows you to automatically expense any item under $2,500 on your invoice. This would be a helpful enhancement for CTRAC.
