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Level 1
June 5, 2019
Question

Can I expense the purchase of a video drone for marketing purposes for my Schedule C business? If so, what category?

  • June 5, 2019
  • 1 reply
  • 4 views
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1 reply

Level 15
June 5, 2019

The purchase of a drone for your business would be entered as an Asset to be depreciated and not simply expensed in a particular category.

When it is entered as an asset, you will be given the option to expense it as a Section 179 deduction, but it needs to be reported on your return through this method. 






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Level 2
February 12, 2021

Even if the acquisition cost is $900? Or could it be deducted as an expense?