Is there a special term for when you are eligible for a small tax deduction but you choose not to take it because the amount of paperwork needed to file for that deduction would not be worth it.
Real example:
I have a car with about 170000 miles at the beginning of last year and 180,000 mi at the end of the year and the car was rented out for profit. Technically, i can deduct the depreciation but it will be quite insignificant for a car with this many miles that it will not be worth the trouble of filling out all the depreciation schedules so i chose to forgo it.
