"bellaisblue" <bellaisblue[at]yahoo.com> wrote:

- quote -

I treat it like this: if it's something tangible that you
buy and then consume over time, like printer cartridges,
it's supplies (unless it's materials or inventory).
Something like an air conditioner or furniture, though, is
a fixed asset, and you have to capitalize it and depreciate
it. Things like software and books can be expensed if they're
of small value or good for only a year (like much tax
software, or almanacs).

--
Chris Green

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bellaisblue wrote:

- quote -

Air conditioner, furniture, expensive books and expensive
software has to be capitalized and depreciated. The rest can
be supplies expense for which you get a tax deduction.

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What is the difference between a "Supply Expense" and a
"Deduction".

I am self-employed. I've got to place these items
somewhere: printer cartridges, office air conditioner,
books, furniture, basic supplies, software...

I'm not sure where to list them.

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