Anything under $2500 is an expense, so sayeth the IRS (subject to one minor hoop)...
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations On Mon, Feb 21, 2022, 2:36 PM Chuck McCown via AF <af@af.afmug.com> wrote: > Do you guys expense SMs as you go or call them assets and do a mass > depreciation each year? > > I know we had to reverse a bunch of depreciation when we sold the wisp. > Depreciation Recapture. Bunch of crap if you have never heard of it > before and were not expecting it. > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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