Skip to main content
June 5, 2019
Solved

Some of the help screens for business startup costs mention equipment. What exactly does this include? These expenses are all below $2500 in cost.

  • June 5, 2019
  • 1 reply
  • 0 views
Examples are chairs, tables, and a small refrigerator.
Best answer by RichardK

Yes, your examples are equipment, you can elect to deduct rather than capitalize assets, like computers, printers, etc. that are under $2,500. There is a separate election to expense start up costs up to $5,000, and amortize the excess.

1 reply

RichardKAnswer
Employee
June 5, 2019

Yes, your examples are equipment, you can elect to deduct rather than capitalize assets, like computers, printers, etc. that are under $2,500. There is a separate election to expense start up costs up to $5,000, and amortize the excess.