You'll need to sign in or create an account to connect with an expert.
All of those items can be expensed.
Even though they are designed to last more than a year, items under $1,000 do not have to be listed as assets. You could even group them together as Small tools and equipment.
I don’t have a small tools expense. Can I put it under office expense or should I use 179 section expense
You can put those expenses for small tools in the Supplies category of Schedule C.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
VAer
Level 4
RyanK
Level 2
ilenearg
Level 2
soccerdad720
Level 2
Raph
Community Manager
in Events