You have to recapture the depreciation whether you take it or not. Once a depreciable asset is sold, bartered, discarded, or destroyed, the transaction is reported on your tax return. The reportable amount is determined by the asset's original basis, accumulated depreciation, as well as any value you got in exchange for the asset and any expenses involved in selling or disposing of the asset.
The De Minimis Safe Harbor election lets you deduct the full cost of items worth $2,500 or less, instead of depreciating. You can also use the Safe Harbor Election for Small Taxpayers to expense the cost of improvements to business buildings if you qualify. These elections are available for Schedule C businesses, rentals, farms, and farm rentals.
For instructions on claiming the De Minimis Safe Harbor Election in TurboTax, click on this link.
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