supplies

[TMev]

I have an online jewelry store. I have supplies that I purchase to MAKE jewelry  like crimping tools, plyers, and scissors, I have items I purchased like a camera to take proper pictures to put items online. These items do not become part of the end product. Now I also have supplies that go to the customer when they buy jewelry, like the shipping envelope, the jewelry box, the bubble wrap. I remember the tax consultant said supplies that go to customer gets put in one section and supplies I use to make everything, including camera to take pictures get put somewhere else. Now please understand, I am not talking about the supplies and materials that become finished product. I see where that goes. So the two places in question : one is under Business Expense, other common business expense under title of supplies (I think this is where I put my tools and camera) the other is in Inventory under the cost of my material I believe it was called other expenses ( I think that is where the tax man said to put the cost of my shipping containers, jewelry boxes and anything else that goes to the customer.) Do I have this correct or backwards.

Also under other common business expenses, it states under 200. Now do I need to list every item to show that the only thing I had over 200 was my camera, or can I lump sum it. The supplies total approx. 450 and the camera 700.

Thank you 

[SusanY1]

Yes, it sounds like you understand correctly.  Items such as shipping supplies and your tools to make the jewelry are supplies in Other common business expenses.  

Your camera is an asset, since it is valued over $200, but since it is under $2,500 you can elect to list it instead as a miscellaneous expense or supply.

Whether you list everything out separately or just include one lump-sum on the tax return is up to you.   Some taxpayers prefer to list out larger purchases for reference later. 

However, there is no requirement to list the items out individually on the tax return.  One total for supplies is sufficient.