Deducting for tools, Business return

[SCORP2]

I'm a S-corp LLC and I built an office last year using my own people and a contractor. I purchased a lot of tools for the construction.  How do I know if I should deduct the cost of a tool, or depreciate the tool? If I deduct a smaller tool, what would that be listed as? Office supply?

[MinhT1]

You can expense tools costing less than $2,500 each if you make the de minimis safe harbor election.

They can be expensed as a Miscellaneous expense described as Equipment costing less than $2,500 each.

Please read this IRS document for more information.

[SCORP2]

I don't see a category called Miscellaneous expense in the business return

[MinhT1]

In the  Business return, you can deduct this expense under All Other Expenses and describe it as Equipment costing less than $2,500 each.

[Anonymous_]

Don't forget to make the De Minimis Safe Harbor Election in the program.

[AbrahamT]

Remember, this threshold amount is per 2,500 invoice. I would put in the description Equipment/ Safe Harbor Rule.  

[Rick19744]

@AbrahamT I believe the threshold would be per item not per invoice.

This holds true as long as the items are broken down separately and priced separately on the invoice.