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Employee
June 6, 2019
Question

What kind of asset should I categorize a pool pump at my rental on a Sched C: Office Furniture, fixtures and appliances OR General purpose tools, machinery and equipment?

  • June 6, 2019
  • 1 reply
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1 reply

Employee
June 6, 2019

It is general purpose tools, machinery and equipment. 

If the pool pump cost $2,500 or less, you may be able to expense the entire amount. https://ttlc.intuit.com/replies/4682171