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Confused about calling a hard drive a "supply expense" on schedule C photography business
Why does Turbotax say that "Supplies Expenses" includes an external hard drive. This does not seem to belong under this category. Is it because it costs less than $200? But it lasts more than a year.
Let's enter the supplies expenses for your Photography work
- Computer accessories (external hard drives, trackpads, mouse, cords, etc.)
Supply expenses are incidental items that usually cost less than $200 and last less than a year. Examples include:
- Computer accessories, like external hard drives, trackpads, mouse, and cords
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‎February 28, 2020
8:53 AM