de minimis safe harbor election or asset for S corp

[dramondog]

I purchased computer and monitor for my s-corp business in 2023. Each item is less than $2500. Can I use de minimis safe harbor election to treat it as business office expense or do I still have to list them under asset? 

[MinhT1]

Yes, you can expense these items if you make the de minimis safe harbor election.

[dramondog]

Thank you. If I expense it under the election, do I still need to list them as assets under my balance sheet though? 

[DawnC]

No.  Only list assets you are depreciating in the assets section.