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1 reply

M
MinhT1
January 26, 2023

If these client outfits wear out quickly, they can be expensed as Supplies.

 

If they can last more than one year, you can categorize them as Fixed assets to be depreciated.

 

However. the de minimis safe harbor election allows you to expense any item costing less $2,500. You can make this election by ticking a box in TurboTax when entering assets. You will asked if you purchased any asset costing less than $2,500 and you will answer Yes.

 

Please read this IRS document on the de minimis safe harbor election.

 

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