- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@DaveLaQ wrote:I've got a bunch of stuff that costs tens or a couple hundred dollars.
You do not need to use the safe harbor for assets that cost $200 or less. You can expense those assets as "materials or supplies" (provided they are not considered inventory).
See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
‎October 8, 2021
7:32 AM