topic Depreciation De Minimis Safe Harbor Election. in After you file

Depreciation De Minimis Safe Harbor Election.

karlm — Tue, 10 Mar 2026 06:10:37 GMT

How do I amend my 2020 tax return so that I can use the De Minimis Safe Harbor Election instead of the depreciation that I took?

I took 5 year depreciation on 2020 tax return and now want to amend the return and take the De Minimis Safe Harbor Election instead.

Re: Depreciation De Minimis Safe Harbor Election.

DoninGA — Tue, 13 Sep 2022 19:29:24 GMT

You normally must file IRS Form 3115, Application for Change in Accounting Method, before switching the depreciation method you apply to a fixed asset. You must include a justification for your action and any supporting documents.

You should seek out a local tax professional to assist you in changing your depreciation method, it is not recommended that you do this without professional assistance.

Re: Depreciation De Minimis Safe Harbor Election.

Anonymous_ — Tue, 13 Sep 2022 19:47:23 GMT

The de minimis safe harbor election must be made with a timely filed original federal tax return including any extension for the taxable year in which the amounts subject to the election are paid.

See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Whenandhowdoyoumakeanelection