@piersonj47 wrote:
Please help, is the $2,500 limit on the item or the item + tax? Is it the whole invoice or just the item cost?
It is per invoice (or per item as substantiated by the invoice) per Treas. Reg. §1.263(a)-1(f)(1).
See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
