Hi, I'm getting mixed information on where to deduct the cost of DVD burning drives. Most sites seem to suggest they are treated as assets and should be depreciated or you can use section 179 or the safe harbor election. However, for the depreciation, the IRS says
Depreciable or Not Depreciable
You may depreciate property that meets all the following requirements:
It must be property you own.
It must be used in a business or income-producing activity.
It must have a determinable useful life.
It must be expected to last more than one year.
It must not be excepted property. Excepted property (as described in Publication 946, How to Depreciate Property) includes certain intangible property, certain term interests, equipment used to build capital improvements, and property placed in service and disposed of in the same year.
While it may have a determinable useful life, it definitely isn't expected to last more than 1 year in my usage for burning. Also, since they were placed into service and disposed of in the same year, it seems to violate the final rule. So, would I simply be able to list them along with my other supplies on line 22 such as envelopes and shipping labels without worrying about depreciation or section 179 or the safe harbor election? Also, does the price of the drives factor into this, as they are expensive proprietary drives (~$250 each).
