Is there a reason I wouldn't want to take a 100% special depreciation allowance on a $500 laptop?

deatona43 · ‎June 3, 2019

It's an item I plan on using until it no longer works, and it seems like such a small amount to depreciate over 5 years.

MinhT · ‎June 3, 2019

You do not need to depreciate a laptop costing $500.

In fact, with the de minimis safe harbor election, you can fully expense any item costing $2,500 or less.

Please read this IRS document for more information:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

MinhT · ‎June 3, 2019

You do not need to depreciate a laptop costing $500.

In fact, with the de minimis safe harbor election, you can fully expense any item costing $2,500 or less.

Please read this IRS document for more information:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.