De minimis safe harbor rule for small tax payer for California?

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Does Caflifornia conform witth the Fed related to the De minimis Safe Harbor for small tax payer?

I made an election on screen 46 for the Fed to expense a furnace that cost $2200 for one of my residential rental property. Where can I input this election for State, if it is allowed? Please advise. Thanks.

Lacerte Tax

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George4TacksAnswer

Level 15

Let google be your guide? https://www.google.com/search?q=De+minimis+safe+harbor+rule+for+small+tax+payer+for+California

Here is the appropriate conformity guide for 2018 https://www.ftb.ca.gov/forms/2018/18_1001.pdf You need to order the 2019 online at FTB

Answers are easy. Questions are hard!

George4TacksAnswer

Level 15

Let google be your guide? https://www.google.com/search?q=De+minimis+safe+harbor+rule+for+small+tax+payer+for+California

Here is the appropriate conformity guide for 2018 https://www.ftb.ca.gov/forms/2018/18_1001.pdf You need to order the 2019 online at FTB

Answers are easy. Questions are hard!

D

dati001Author

Level 2

Thank you very much for your help.

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