11-09-2023 10:44 AM
I purchased a fold up heavy duty wagon on wheels to put all my crates of treasures in for trips to my booth. Can I write this down in supplies when doing my taxes?
Thanks, Silver
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11-09-2023 10:49 AM
11-09-2023 10:49 AM
11-09-2023 11:18 AM
Perfect! Thanks wasting!
11-09-2023 01:01 PM
@silverstatetreasureboxes wrote:I purchased a fold up heavy duty wagon on wheels to put all my crates of treasures in for trips to my booth. Can I write this down in supplies when doing my taxes?
Thanks, Silver
Sure! Heck, you can even load it with year-end paperwork and roll it right into H&R Block's office come tax time. 😉
11-09-2023 03:40 PM
Lol! Would you believe my tax accountant is 94 yrs old! And I pay him with a cash out ticket from the casino! Hey, it's Nevada that's how we roll!
11-09-2023 03:45 PM
@silverstatetreasureboxes don't let me catch you hauling bunnies or flower pots around the yard with that cart on a regular basis 🤣🤣
11-09-2023 03:57 PM
Yard???? Jack remember where I live, ain't no yards to speak of, lol. Speaking of bunnies, haven't seen mine in two days.
11-09-2023 04:01 PM
Of course you have a yard. It's that bit of astroturf that weathers your insane 750* summer days 10 months of the year. The bunny is hiding under the shed so the sun doesn't cook him.
11-09-2023 09:36 PM
Sure, why not. You can probably also deduct the cost of the horse(s) you use to pull the wagon and the food and other expenses related to caring for the animals. 😄
11-10-2023 01:19 AM
Are you going to take the full deduction as allowed in Section 179 to get an immediate break on your tax burden or will you be capitalizing and then depreciating the asset over a longer period of time.
11-10-2023 05:25 AM
Are you going to take the full deduction as allowed in Section 179 to get an immediate break on your tax burden or will you be capitalizing and then depreciating the asset over a longer period of time.
If depreciating what type straight line, double declining balance, sum of years digits?
11-10-2023 05:47 AM
@silverstatetreasureboxes wrote:I purchased a fold up heavy duty wagon on wheels to put all my crates of treasures in for trips to my booth. Can I write this down in supplies when doing my taxes?
Thanks, Silver
It's not in the supplies category, it's equipment. It's classified like a printer, computer, bench, etc.
11-10-2023 06:18 AM
Thank you for that reply, I will put it under that.
11-11-2023 08:48 AM
Not a jack yard, or policequilts yard, but............ be as it may.............. it's a yard between the house/patio/she shed 😂
Maybe we should call it feet instead of yard 🤣
11-11-2023 09:32 AM
Lol! No it's not a yard like you guys have, it's a subdivision yard but it's not too small as I have 3 sheds on the property and alot of faux grass!
You guys are all teasing me with my cute wagon, it's really meaty. ( OK, I just set myself up for that one!)