Attn CPAs: a tax trivia question (that in have no answer to)

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.

Yes. The term is "common sense ".

And you might get more than you think. Section 179 will allow you to depreciate the entire car. Then you can also deduct gas, oil changes, PM, etc.

Wish I could deduct @ the standard mileage rate… yes