jeffmcpa2010
Level 11
03-03-2022
01:55 PM
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If you take a look at
IRS De-Minimis safe harbor provisions at reg. 1.263 (a)(1)(f).
You will find that you don't need to capitalize and depreciate any individual item with a cost less than $2500.
If you qualify for that, they costs all just go into supplies expense.
And they may not be shared expenses but rather direct expenses of the business.(Beds I can make that argument pretty easy, dining table if used by the family would be harder)