Discussion:Display expense or inventory asset
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Tax Questions --> Display expense or inventory asset
| 12 February 2006 | |
| Hi. If a taxpayer purchases cabinets for display in his shop or to use in trade shows, how is this treated for tax purposes? Can he deduct all of it as advertising or a % of it? Its not inventory because its not held for sale in the ordinary course of business right?
Thanks! | |
DR BRISKET (talk|edits) said: | 12 February 2006 |
| The cabinets would be treated as depreciable capital expenditures. Under IRC Code Section 179, up to $105,000 of such assets can be fully depreciated in the year of acquisition, subject to certain limitations. | |
To join in on this discussion, you must first
log in.
