Level 15
12-06-2024
02:11 PM
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Like Bill said you can use bonus Depreciation, but for 2024 it is only 60%. You could also elect for the de minimis safe harbor election as it allows you to expense items under $2,500 you would normally capitalize. If you take this election, you are forced to expense every item under $2,500 and are not allowed to depreciate them.