De Minimis Safe Harbor

If i elect to use "De Minimis Safe Harbor"

1) Should i write off these assets as expense under Other Expenses Section ?

2) Can i choose which asset to use "De Minimis Safe Harbor" ?

3) Without AFS, What if some asset less than $2500, and other over $2500. I should write off those under 2500 as expense, and over 2500 as deprecation? right?

4) Can i still use 179 for those over 2500, if i use "De Minimis Safe Harbor" for those under 2500?

469

Level 15

Feb 26, 2024 7:15:53 AM

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

All items that qualify under the rule (and you elect to be treated as such) are subject to the rule (i.e., you cannot pick and choose).

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De Minimis Safe Harbor