topic de minimis safe harbor election or asset for S corp in Business & farm

de minimis safe harbor election or asset for S corp

dramondog — Wed, 11 Feb 2026 04:29:50 GMT

I purchased computer and monitor for my s-corp business in 2023. Each item is less than $2500. Can I use de minimis safe harbor election to treat it as business office expense or do I still have to list them under asset?

Re: de minimis safe harbor election or asset for S corp

MinhT1 — Sun, 04 Feb 2024 22:49:47 GMT

Yes, you can expense these items if you make the de minimis safe harbor election.

Re: de minimis safe harbor election or asset for S corp

dramondog — Mon, 05 Feb 2024 19:34:45 GMT

Thank you. If I expense it under the election, do I still need to list them as assets under my balance sheet though?

Re: de minimis safe harbor election or asset for S corp

DawnC — Mon, 05 Feb 2024 19:36:59 GMT

No. Only list assets you are depreciating in the assets section.