Work laptop and cellphone—expense or depreciation?

manbeing — Sun, 16 Feb 2025 14:30:17 GMT

I have a single member LLC. I bought a work laptop and cellphone for my business in 2024.

Should I report them as business expense ? or need to depreciate them over years?

Thanks!

Re: Work laptop and cellphone—expense or depreciation?

MinhT1 — Sun, 16 Feb 2025 14:41:39 GMT

If the laptop and computer cost each $2,500 or less, you can use the de minimis safe harbor election to expense them.

Remember that if you use the equipment for both personal and business purposes, you can only expense the business portion.

Please read this TurboTax Help article on the de minimis safe harbor election and how to claim it in TurboTax.