MinhT1
Employee Tax Expert

Deductions & credits

Although the de minimis safe election doesn't specifically mention listed property, chapter 5 of Publication 946 on Listed Property specifically requires that listed property used less than 50% for business be depreciated using the Straight line method over the ADS recovery period.

 

In your example, a camera is a listed property, and if its business use is less than 50%, it must be depreciated using the Straight line method over the ADS recovery period, and can't be expensed.

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