Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Anonymous
Not applicable

Is a refurbished computer considered new for the purposes of a De Minimus Safe Harbor election?

When entering information for a computer I'd like to depreciate under the De Minimis Safe Harbor election I am asked if the asset was purchased new. I purchased this computer directly from the manufacturer in refurbished condition. Is it considered new in this case?

1 Best answer

Accepted Solutions
GiseleD
Expert Alumni

Is a refurbished computer considered new for the purposes of a De Minimus Safe Harbor election?

It really depends on the seller's definition of "refurbished". The meaning of that word can vary from seller to seller. If it was just an "open box" (but not used) refurbished computer or a refurbished display model that was never sold to a customer, then I would consider it new. However, if it was actually used by a consumer and later returned to the store and refurbished by the seller, then I would not consider it new. The seller's website may have some more information on this.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
GiseleD
Expert Alumni

Is a refurbished computer considered new for the purposes of a De Minimus Safe Harbor election?

It really depends on the seller's definition of "refurbished". The meaning of that word can vary from seller to seller. If it was just an "open box" (but not used) refurbished computer or a refurbished display model that was never sold to a customer, then I would consider it new. However, if it was actually used by a consumer and later returned to the store and refurbished by the seller, then I would not consider it new. The seller's website may have some more information on this.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v