Hello,
I'm a self-employed guitar teacher and I've purchased guitar pedals throughout the years to use in my business. Typically, I've previously classified these as assets as they realistically have a useful life of over a year and fit the other classifications listed. I've employed the 179 special deduction, but turbotax frequently prompts me to place them in the expense category as most of these cost less than $200. Any guidance would be appreciated, my assumption though is they would technically fall under an asset as they fit that criteria, but I'm effectively expensing them still with the 179 depreciation.
Thanks,
Harold
