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    #1

    election

    If you make the election for the new repair and safe harbor rule, what is entered on form 3115?
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    #2
    Which election are you talking about? The 'de minimis' election to expense items $500 and less?


    Well, it actually doesn't matter what your answer is. An "election" for the Capitalization Regulations is an ANNUAL statement that you attach to the tax return. An election does NOT require Form 3115. Form 3115 is only required if you are making a permanent "change".

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