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Famer and the safe harbor rule

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    #1

    Famer and the safe harbor rule

    Farmer buys approx. $4000 worth of items at auction. He brought me the list and all 12 items sold under $500. Do I elect the safe harbor rule and put these items under supplies, or list all of them separately as "other expenses" on line 32?
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    #2
    You can call it supplies or "small parts and Equipment"

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      #3
      Sounds good, thanks

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