It is still eligible for the de minimis safe harbor election if the cost does not exceed the $2,500 threshold
I forgot to mention that cost threshold is all. Thanks for clarifying that. From what I understand, it was expensed in 2020, which is fine. But if it was also depreciated, then that's a no-no and it needs to be removed from the assets/depreciation section.
If they did "in fact" take the SEC179 depreciation on the 2020 return, then that needs to be amended to remove the asset and recapture all that depreciation. For that one item, there's really no need to start the 2021 over and re-import the amended 2020 return. They can just delete the asset from the 2021 return and press on.
