I might close my self employed Photography business in a couple years but plan to purchase equipment (cameras, lenses) before then which cost less than $2500. I plan to write it off all at once. I use the cash method of accounting.
All the expensing methods are so confusing (Bonus depreciation, De minimus safe harbor, Section 179)
Is there any way to deduct these expenses without worrying about recapture if I close the business in a few years?
