Schedule C--Where do I enter electronics purchases (printers, etc)?

Forum|Forum|6 years ago
June 3, 2019
1 reply
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I have several electronics purchases made to support my Internet business and traveling to give workshops. I don't see a clear category for these expenses on the Schedule C expenses--unless I use the Miscellaneous Category for these.

TurboTax Home & Biz Windows

RichardK

Employee

You can report these expenses in the Miscellaneous category, if you do not see a better description, and you probably want to elect to expense small assets, click here for entering the election in Turbotax.

grantbt

Employee

That's got to be the wrong link!
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3266204-de-minimis-safe-harbor-election">https://ttlc.intuit.com/questions/3266204-de-minimis-safe-harbor-election</a>

hatingTTrightnow

I know this is late, but it might help others. (Note: I'm not a tax professional, but another one like you trying to bumble through taxes myself.) It probably IS the right link. The election to expense items under $2,500 instead of capitalizing them IS called de minimis safe harbor. (In other words, it's so small, let's not bother with that depreciation mess.) Here's a link that explains it: https://www.thetaxadviser.com/issues/2024/may/the-de-minimis-and-routine-maintenance-safe-harbors.html