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Investors & landlords
@Carl wrote:
Looking back at the first post that started this thread, what "$200 rule" are you referring to?
The "rule" was (is) that materials and supplies costing $200 or less can be expensed (deducted) rather than capitalized.
See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
March 20, 2022
9:23 AM