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Question

Purchase write offs

Forum|Forum|2 years ago
February 28, 2024
1 reply
2 views

Hi, I work in tech as a web developer and during Black Friday I purchased a bunch of parts to make a server. But it states that purchases need to be $200 or more. Do I calculate the price for the entire server or still list all purchases even though some are only $70.

Ask the Experts - SelfEmployed - Feb 2024

Level 15

Needs to be $200 or more to depreciate. You can list each part separately and those expenses are all legitimate (no expense is too small) or you can list a bundle of all of the expenses called "Parts to build a server" or something like that and then you can depreciate it over time.

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