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Questions and Answers
Taxpayers of all sizes and types of businesses are eligible for the de minimis safe harbor.
Taxpayers of all sizes and types of businesses are eligible for the de minimis safe harbor.
True (A)
The de minimis safe harbor applies to property that is subject to the uniform capitalization rules.
The de minimis safe harbor applies to property that is subject to the uniform capitalization rules.
False (B)
The specified dollar amount for the de minimis safe harbor is the same for all taxpayers, regardless of whether they have an applicable financial statement.
The specified dollar amount for the de minimis safe harbor is the same for all taxpayers, regardless of whether they have an applicable financial statement.
False (B)
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