Retail store display

My wife builds dog leashes and collars out of waterproof/stinkproof material and sells them (among other places) at a local retail shop in our town.

I built a display for her that she took to the store to hang her leashes and collars on.

Where do I capture the cost of the materials I used for that display in TurboTax for her business?

1458

Expert Alumni

Mar 30, 2022 12:05:06 PM

Treat the amount either as an asset or supplies, depending on its useful life and cost. If it cost some money, depreciate it over 7 years or take a Section 179 for the cost. If the amount was not significant, take it as a supply.

Level 2

Mar 30, 2022 1:38:27 PM

The total I spent was $63, assume I take it as a supply then?

Expert Alumni

Mar 30, 2022 1:52:07 PM

Yes, supply expense is appropriate.

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Retail store display