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Level 1
posted Oct 2, 2024 11:30:55 AM

Tires for business trailer

We have a trailer that my husband uses 100% for business. We have had to purchase new tires for the trailer several times this year. How are those expensed on the Schedule C? Are they a maintenance expense, do they have to be depreciated, or do they fall under safe harbor?

0 1 1999
1 Replies
Level 15
Oct 2, 2024 11:34:45 AM

Depreciated or you might be able to use Section 179 if the cost is more than $2,500.

 

Otherwise, you can take advantage of the de minimis safe harbor election.

 

See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ademinimis