ABCDEFG 12:04 PM 03-12-2013
I just bought a blender. It was $399. However, after t/s%, it is under 100. Should I put it on schedule C or depreciate it?
TomCopeland 04:13 PM 03-12-2013
Originally Posted by ABCDEFG:
I just bought a blender. It was $399. However, after t/s%, it is under 100. Should I put it on schedule C or depreciate it?
Depreciate it. Use the $100 rule based on what it cost, not what the time-space % amount is. If it's a new blender, use the 50% bonus depreciation rule.
ABCDEFG 06:01 AM 03-13-2013
Thank you!