Thanks so much! So just to confirm I understand, if I don't want to depreciate the asset (and to simplify things, I don't!) this is what I can do/how it works:
Even though I am only using the computer for business 5% of the time in 2021, I can still make a deduction this year using the de minimis safe harbor election. Under this election, I can deduct 21% of the total computer cost ($802) on my 2021 return, and then will simply ignore the computer expense on all future tax returns. Do I have that right? It never would have occurred to me I could claim a $168 deduction (.21 x $802) this year when most of the computer's business use is in the future!
Do I have things right? Thanks!
