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New Member
posted Jun 3, 2019 4:56:58 PM

Schedule C--Where do I enter electronics purchases (printers, etc)?

I have several electronics purchases made to support my Internet business and traveling to give workshops.  I don't see a clear category for these expenses on the Schedule C expenses--unless I use the Miscellaneous Category for these.

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3 Replies
New Member
Jun 3, 2019 4:57:00 PM

You can report these expenses in the Miscellaneous category, if you do not see a better description, and you probably want to elect to expense small assets, click here for entering the election in Turbotax.

Level 1
Jun 3, 2019 4:57:01 PM
Level 1
Oct 15, 2024 9:36:16 AM

I know this is late, but it might help others. (Note: I'm not a tax professional, but another one like you trying to bumble through taxes myself.) It probably IS the right link. The election to expense items under $2,500 instead of capitalizing them IS called de minimis safe harbor. (In other words, it's so small, let's not bother with that depreciation mess.) Here's a link that explains it: https://www.thetaxadviser.com/issues/2024/may/the-de-minimis-and-routine-maintenance-safe-harbors.html