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Investors & landlords
Thank you. I had understood that each receipt under $2500 could be entered as "Other" expense. So using your example, my question would be whether I could enter $1,000 for the cost of the labor to install the flooring, and then separately, $2,000 for the cost of the flooring material, as they are on separate receipts. I jwas not sure if labor for the renovation is considered an intangible item and could not be expensed, even if it's under $2500.
‎June 14, 2024
6:30 PM