Thank you so much!
Final followup and to clarify, the Section 179 deduction would allow for 100% deduction of the cost of the item, correct?
So for example, if the piece of equipment cost $1,000 and the client reimbursed me $1,000, I would put $1,000 under gross receipts and list that piece of equipment under the Section 179 deduction with a value/cost of $1,000, thus negating any potential taxes I'd have to pay out, correct?
Thanks again!
