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Deductions & credits
You are now (since 2015) allowed to treat the purchase of assets that cost $2,500 or less (per asset, not in total) as expenses in the year purchased.
This is considered the de minimis exception by the IRS.
However, if any of your purchases were for items that will last several years and cost more than $2,500, they should be reported as fixed assets and depreciated.
‎June 5, 2019
10:37 PM